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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

6

2

700

12

18

12

400

4

3

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