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Find the present value of $350 due in the future under each of the following conditions. Round your answers to the nearest cent. 12% nominal
Find the present value of $350 due in the future under each of the following conditions. Round your answers to the nearest cent.
- 12% nominal rate, semiannual compounding, discounted back 5 years $
- 12% nominal rate, quarterly compounding, discounted back 5 years $
- 12% nominal rate, monthly compounding, discounted back 1 year $
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Finance Plain And Simple
Authors: Sebastian Nokes
1st Edition
0273731297, 978-0273731290
