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For each of the following cases, find the present value at time zero at the given nominal interest rate. Number of Compounding Periods in the

For each of the following cases, find the present value at time zero at the given nominal interest rate.

Number of

Compounding

Periods in

the Year (m)

FV

Deposit ($)

Nominal

Interest

Rate (%)

Deposit Periods (Yrs)

Present

Value ($)

1

300

17

10

2

700

13

17

12

100

8

4

Number of

Compounding

Periods in

the Year (m)

FV

Deposit ($)

Nominal

Interest

Rate (%)

Deposit Periods (Yrs)

Present

Value ($)

1

300

17

10

(Round to the nearest cent.)

2

700

13

17

(Round to the nearest cent.)

12

100 8

4

(Round to the nearest cent.)

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