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Consider a future value of $2,000,5 years in the future. Assume that the nominal interest mte is 12.00% If you are calculating the present value

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Consider a future value of $2,000,5 years in the future. Assume that the nominal interest mte is 12.00% If you are calculating the present value of this cash flow under semiannual (twice per year) compounding, you would enter for N arid for I/Y into your financial calculator. Entering in the values you just calculated for N and 1/Y, along with a PMI =0 and a FV $2,000, into a financial calculator yiclds a present value of approximately $ with semiannual compounding. If you are calculating the present value of this cash flow under quarterly (four times per year) compounding, you would enter for N and for I/Y into your financial calculator. Entering in the values you just calculated for N and IY, along with a. PMT =0 and a FV $2,000, into a financial calculator yields a present value of approximately $ with quarterly compounding. Suppose now that the cash flow of $2,000 only 1 year in the future. If you are calculating the present value of this cash flow under quarterly ( 12 times per year) compounding, you would enter for A and for 1/Y into your financial calculator. Entering in the values you just calculated for N and I/Y, along with a PMT =0 and a FV 52,000, into a financial calculator yields a present valtie of approximately $ with monthly compounding

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