Problem 5-24 Present value for various discounting periods Find the present value of $800 due in the future under each of these conditions: 6% nominal rate, semiannual compounding, discounted back 9 years. Round your answer to the nearest cent. $ 6% nominal rate, quarterly compounding, discounted back 9 years. Round your answer to the nearest cent. $ 6% nominal rate, monthly compounding, discounted back 1 year. Round your answer to the nearest cent. $ Why do the differences in the PVs occur?