[Solved] Find the present value of $3,100 under ea

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Find the present value of $3,100 under each of the following rates and periods: (Round your final answer to the nearest penny.) a. 8.9 percent

Find the present value of $3,100 under each of the following rates and periods: (Round your final answer to the nearest penny.) a. 8.9 percent compounded monthly for five years. Present value b. 6.6 percent compounded quarterly for eight years. Present value c. 4.3 percent compounded daily for four years. Present value d. 5.7 percent compounded continuously for three years. Present value

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