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Find the present value of $4,900 under each of the following rates and periods: (Use 365 days for calculation. If you solve this problem with
Find the present value of $4,900 under each of the following rates and periods: (Use 365 days for calculation. If you solve this problem with algebra round intermediate calculations to 4 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 s d. 5.7 percent compounded continuously for three years. Present value s
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