Present Value for Various Compounding Periods Find the present value of $400 due in the future under each of the following conditions. Do not round intermediate calculations. Round your answers to the nearest cent. a. 9% nominal rate, semiannual compounding, discounted back 5 years. $ 1555.8 X b. 9% nominal rate, quarterly compounding, discounted back 5 years. c. 9% nominal rate, monthly compounding, discounted back 1 year. $ Hide Feedback Incorrect