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Question 3. 20 points. Find the present value of $500 to be paid at the end of 24 months to the nearest penny. 1) if

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Question 3. 20 points. Find the present value of $500 to be paid at the end of 24 months to the nearest penny. 1) if the nominal interest rate is 6% convertible monthly. 2) if the nominal discount rate is 6% convertible every four months. 3) if the nominal interest rate is 6% convertible semi-annually. 4) if the nominal discount rate is 6% convertible annually

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