Present value for various compounding periods

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Present Value for Various Compounding Periods

Find the present value of $600 due in the future under each of the following conditions. Round your answers to the nearest cent.

8% nominal rate, semi annual compounding, discounted back 5 years

8% nominal rate, quarterly compounding, discounted back 5 years

8% nominal rate, monthly compounding, discounted back 1 year

Reference no: EM13877649

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