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PRESENT VALUE FOR VARIOUS DISCOUNTING PERIODS Find the present value of $400 due in the future under each of these conditions a. 16% nominal rate,

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PRESENT VALUE FOR VARIOUS DISCOUNTING PERIODS Find the present value of $400 due in the future under each of these conditions a. 16% nominal rate, semiannual compounding, discounted back 4 years. Round your answer to the nearest cent. b. 16% nominal rate, quarterly compounding, discounted back 4 years. Round your answer to the nearest cent. C. 16% nominal rate, monthly compounding, discounted back 1 year. Round your answer to the nearest cent

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