eBook

Find the present value of $$300$ due in the future under each of these conditions:

a$.12\%$ nominal rate, semiannual compounding, discounted back $10$ years. Do not round intermediate calculations. Round your answer to the nearest cent. $

b$.12\%$ nominal rate, quarterly compounding, discounted back $10$ years. Do not round intermediate calculations. Round your answer to the nearest cent. $

c$.12\%$ nominal rate, monthly compounding, discounted back $1$ year. Do not round intermediate calculations. Round your answer to the nearest cent.

d$.$ Why do the differences in the PVs occur?

The present values derline as periods per year increase.

Hide Feedback

Partially Correct