Question
Find the present value of $675 due in the future under each of the following conditions. Do not round intermediate calculations. Round your answers to
Find the present value of $675 due in the future under each of the following conditions. Do not round intermediate calculations. Round your answers to the nearest cent.
-
6% nominal rate, semiannual compounding, discounted back 5 years.
$
-
6% nominal rate, quarterly compounding, discounted back 5 years.
$
-
6% nominal rate, monthly compounding, discounted back 1 year.
$
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College Accounting, Chapters 1-15
Authors: James A. Heintz, Robert W. Parry
21st Edition
1285639723, 9781285639727
