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Find the present value due in five years

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Find the present value of $500 due in the future under each of the following Present Value conditions: 12 percent nominal rate, semiannual compounding, discounted back S years. 12 percent nominal rate, monthly compounding, discounted back

Question 1: Find the present value of $500 due in five years under each of the following conditions:

a. 12 percent simple rate, compounded annually
b. 12 percent simple rate, compounded semiannually
c. 12 percent simple rate, compounded quarterly
d. 12 percent simple rate, compounded monthly

Reference no: EM132658909

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