Consider a future value of $3,000, 8 years in the future. Assume that the nominal interest rate is 9.00%.

If you are calculating the present value of this cash flow under semiannual (twice per year) compounding, you would enter for N and for I/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=$3,000, into a financial calculator yields 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 I/Y, along with a PMT=0 and a FV=$3,000, into a financial calculator yields a present value of approximately $ with quarterly compounding.

Suppose now that the cash flow of $3,000 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 I/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=$3,000, into a financial calculator yields a present value of approximately $ with monthly compounding.

Consider a future value of $3,000, 8 years in the future. Assume that the nominal interest rate is 9.00%. for N and If you are calculating the present value of this cash flow under semiannual (twice per year) compounding, you would enter for I/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=$3,000, into a financial calculator yields a present value of approximately $ with semiannual compounding. for N and If you are calculating the present value of this cash flow under quarterly (four times per year) compounding, you would enter for I/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=$3,000, into a financial calculator yields a present value of approximately $ with quarterly compounding. Suppose now that the cash flow of $3,000 only 1 year in the future. for N and If you are calculating the present value of this cash flow under quarterly (12 times per year) compounding, you would enter for I/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=$3,000, into a financial calculator yields a present value of approximately $ with monthly compounding