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a . 1 5 % nominal rate, semiannual compounding, discounted back 6 years. Do not round intermediate calculations. Round your answer t nearest cent. $

a.15% nominal rate, semiannual compounding, discounted back 6 years. Do not round intermediate calculations. Round your answer t
nearest cent.
$
b.15% nominal rate, quarterly compounding, discounted back 6 years. Do not round intermediate calculations. Round your answer to t
cent.
$
c.15% nominal rate, monthly compounding, discounted back 1 year. Do not round intermediate calculations. Round your answer to the
cent.
$
d. Why do the differences in the PVs occur?
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