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Find the present value of $2,500 under each of the following rates and periods. a. 8.9 percent compounded monthly for five years. What is the

Find the present value of $2,500 under each of the following rates and periods.

a. 8.9 percent compounded monthly for five years. What is the present value?

b. 6.6 percent compounded quarterly for eight years. What is the present value?

c. 4.3 percent compounded daily for four years. What is the present value?

d. 5.7 percent compounded continuously for three years. What is the present value?

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