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Present Value for Various Compounding Periods Find the present value of $650 due in the future under each of the following conditions. Do not round

Present Value for Various Compounding Periods Find the present value of $650 due in the future under each of the following conditions. Do not round intermediate calculations. PLEASE SHOW ALL WORK AND CALCULATIONS. Round your answers to the nearest cent.

1) 12% nominal rate, semiannual compounding, discounted back 5 years

2) 12% nominal rate, quarterly compounding, discounted back 5 years

3) 12% nominal rate, monthly compounding, discounted back 1 year

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