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Problem 5.21 Find the present value of $4,400 under each of the following rates and periods (Round your final answer to the nearest penny.) a.

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Problem 5.21 Find the present value of $4,400 under each of the following rates and periods (Round your final answer to the nearest penny.) a. 8.9 percent compounded monthly for five years. Present value b. 6.6 percent compounded quarterly for eight years. Present value c. 4.3 percent compounded daily for four years. Present value d. 5.7 percent compounded continuously for three years. Present value 24

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