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PLEASE ANSWER. THANK YOU! Present Value for Various Compounding Periods Find the present value of $725 due in the future under each of the following

PLEASE ANSWER. THANK YOU!image text in transcribed

Present Value for Various Compounding Periods Find the present value of $725 due in the future under each of the following conditions. Round your answers to the nearest cent. a. 8% nominal rate, semiannual compounding, discounted back 5 years $ 493.42 b, 8% nominal rate, quarterly compounding, discounted back 5 years c. 8% nominal rate, monthly compounding, discounted back 1 year

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