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Find the present value of $600 due in the future under each of the following conditions. Do not round intermediate calculations. Round your answers to
Find the present value of $600 due in the future under each of the following conditions. Do not round intermediate calculations. Round your answers to the nearest cent.
- 12% nominal rate, semiannual compounding, discounted back 5 years $______?
- 12% nominal rate, quarterly compounding, discounted back 5 years $______?
- 12% nominal rate, monthly compounding, discounted back 1 year $______?
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Bond Markets Analysis And Strategies
Authors: Frank J.Fabozzi
7th Edition
0136078974, 978-0136078975
