Find the present value of $4,700 under each of the following rates and periods: (Round your final
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Find the present value of $4,700 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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