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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 ($) Nominal Interest Rate (%) Deposit Periods (Yrs) Present Value ($) 1 100 20 7

2 900 9 18 12 800 4 2

What is the present value for each year?

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