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Present Value for Various Compounding Periods Find the present value of $600 due in the future under each of the following conditions. Do not round
Present Value for Various Compounding Periods
Find the present value of $600 due in the future under each of the following conditions. Do not round intermediate calculations. Round your answers to the nearest cent.
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12% nominal rate, semiannual compounding, discounted back 5 years.
$
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12% nominal rate, quarterly compounding, discounted back 5 years.
$
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12% nominal rate, monthly compounding, discounted back 1 year.
$
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