d. The present value of $2,420 due in 10 years at 20% and 10%. Present value at 20%: $ Present value at 10%: $ e. Define present value. c. You borrow $65,000 and promise to pay back $153,267 at the end of 9 years. % Find the present value of $600 due in the future under each of these conditions: a. 6% nominal rate, semiannual compounding, discounted back 4 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ b. 6% nominal rate, quarterly compounding, discounted back 4 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ C. 6% nominal rate, monthly compounding, discounted back 1 year. Do not round intermediate calculations. Round your answer to the nearest cent. $ 565.14 d. Why do the differences in the PVs occur? -Select