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Find the present value of $600 due in the future under each of these conditions: 9% nominal rate, semiannual compounding, discounted back 5 years. Do

Find the present value of $600 due in the future under each of these conditions:

9% nominal rate, semiannual compounding, discounted back 5 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ ___?

9% nominal rate, quarterly compounding, discounted back 5 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ ___?

9% nominal rate, monthly compounding, discounted back 1 year. Do not round intermediate calculations. Round your answer to the nearest cent. $ ___?

Why do the differences in the PVs occur?

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