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Find the present value of 500 due in the future under each

Find the present value of $500 due in the future under each of the following conditions:
a. 12 percent nominal rate, semiannual compounding, discounted back 5 years.
b. 12 percent nominal rate, quarterly compounding, discounted back 5 years.
c. 12 percent nominal rate, monthly compounding, discounted back 1 year.

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Finance Basics: Find the present value of 500 due in the future under each

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