Find the present value of $500 due in the future under each of these conditions: a. 12% nominal rate, semiannual compounding, discounted back 6 years. Do not round intermediate calculations. Round your answer to the nearest cent. 5 b. 12% nominal rate, quarterly compounding, discounted back 6 years. Do not round intermedlate calculations, Round your answer to the noarest cent. 5 c. 12% nominal rate, monthly compounding, discounted back 1 yeac, Do not round intermediate calculations. Round your answer to the nearest cent. d. Why do the differences in the PVs occur? -seiect. the present values decline an pereds per vear dectrene The bressit vatues incisate as peness cer year haces