Th 05: End-of-Chapter Problems - Time Value of Money Back to Assignment Attempts: Keep the Highest: 4 12. Problem 5.24 (Present Value for Various Discounting Periods) eBook Problem Walk-Through Find the present value of $400 due in the future under each of these conditions: a. 15% nominal rate, semiannual compounding, discounted back 9 years. Do not round intermediate calculations. Round your answer to the nearest cent. b. 15% nominal rate, quarterly compounding, discounted back 9 years. Do not round Intermediate calculations. Round your answer to the nearest cent. C. 15% nominal rate, monthly compounding, discounted back 1 year. Do not round intermediate calculations. Round your answer to the nearest cent. d. Why do the differences in the PVs occur? Grade New Continue with 20 Attempts: 0 Keep the Highest: 14 12. Problem 5.24 (Present Value for Various Discounting Periods) * eBook Problem Walk-Through Find the present value of $400 due in the future under each of these conditions: a. 15% nominal rate, semiannual compounding, discounted back 9 years. Do not round Intermediate calculations, Round your answer to the nearest cent. 12 b. 15% nominal rate, quarterly compounding, discounted back 9 years. Do not round intermediate calculations. Round your answer to the nearest cent. CF C. 15% nominal rate, monthly compounding, discounted back 1 year. Do not round intermediate calculations. Round your answer to the nearest cent. d. Why do the differences in the Pys occur? The present was decline as periods per year increase The present velue decline as periods per year decrease The present values increase as perleds per year increase The present values are not allected by changes in the number of periods per year. The present values are positively related to the number of discounting periods per year Save & Continue