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9-14 Find the present value of todays $500 in 5 years under each of the following conditions: a. 12 percent simple, rate compounded annually b.

9-14

Find the present value of todays $500 in 5 years under each of the following conditions:

a. 12 percent simple, rate compounded annually

b. 12 percent simple, rate compounded semiannually

c. 12 percent simple, rate compounded quarterly

d. 12 percent simple, rate compounded monthly

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