Find the present value of $4,800 under each of the following rates and periods. (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases 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 $