Find the present value in future under each of conditions

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Find the present value of $700 due in the future under each of these conditions:

13% nominal rate, semiannual compounding, discounted back 6 years. Round your answer to the nearest cent.

13% nominal rate, quarterly compounding, discounted back 6 years. Round your answer to the nearest cent.

13% nominal rate, monthly compounding, discounted back 1 year. Round your answer to the nearest cent.

Reference no: EM131980657

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