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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 | 19% | 8 | ||
2 | 800 | 14% | 19 | ||
12 | 400 | 3% | 4 |
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