Find the present value in five years

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Reference no: EM13876013

Find the present value of $600 due in five years under each of the following conditions:

a) 12 percent simple rate, compounded annually

b) 12 percent simple rate, compounded semi annually

c) 12 percent simple rate, compounded quarterly

d) 12 percent simple rate, compounded monthly

Reference no: EM13876013

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