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Find the present value of $500 due in the future under each of the following conditions. a) 12% nominal rate, semiannual compounding, discounted back 5

Find the present value of $500 due in the future under each of the following conditions. a) 12% nominal rate, semiannual compounding, discounted back 5 years b. 12% nominal rate, quarterly compounding, discounted back 5 years c. 12% nominal rate, monthly compounding, discounted back 1 year

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