Present value for various discounting periods

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Reference no: EM13768214

Find the present value of $800 due in the future under each of these conditions:

15% nominal rate, quarterly compounding, discounted back 10 years. Round your answer to the nearest cent.

15% nominal rate, monthly compounding, discounted back 1 year. Round your answer to the nearest cent.

Reference no: EM13768214

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