Compute present value under given rates and periods


Find the present value of $3,500 under each of the following rates and periods:

a. 8.9 percent compounded monthly for five years.
b. 6.6 percent compounded quarterly for eight years.
c. 4.3 percent compounded daily for four years.
d. 5.7 percent compounded continuously for three years.

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Finance Basics: Compute present value under given rates and periods
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