Consider a future value of $2,000,8 years in the future. Assume that the nominal interest rate 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 and for 1/Y into your financial calculator. Entering in the values you just calculated for N and I/2, along with a PMT =0 and a FV=$2,000, into a financial calculator yields a present value of approximately $ with semiannual compounding. If you are calculating the present value of this cash fiow under quarterly (four times per year) compounding, you would enter for N and for 1/Y into your financial calculator. Entering in the values you just calculated for N and 1/Y,alongwithaPMT=0 and a FV=$2,000, into a financial calculator yields a present value of approximately 5 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 N and for 1/Y into your financial calculator. Entering in the values you just calculated for N and 1/Y, along with a PMT =0 and a FV=$2,000, into a financial calculator yields a present value of approximately $ with monthly compounding