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Problem 4-17 Present Value for Various Compounding Periods Find the present value of $350 due in the future under each of the following conditions. Round

Problem 4-17 Present Value for Various Compounding Periods Find the present value of $350 due in the future under each of the following conditions. Round your answers to the nearest cent.

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

$ 12% nominal rate, quarterly compounding, discounted back 5 years

$ 12% nominal rate, monthly compounding, discounted back 1 year

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