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Find the present value of $575 due in the future under each of the following conditions. Do not round intermediate calculations. Round your answers to
Find the present value of $575 due in the future under each of the following conditions. Do not round intermediate calculations. Round your answers to the nearest cent.
- 4% nominal rate, semiannual compounding, discounted back 5 years $
- 4% nominal rate, quarterly compounding, discounted back 5 years $
- 4% nominal rate, monthly compounding, discounted back 1 yea
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