Find the present value of $5,300 under each of the following rates and periods. (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.)
a. 8.9 percent compounded monthly for five years. Present value $
b. 6.6 percent compounded quarterly for eight years. Present value $
c. 4.3 percent compounded daily for four years. Present value $
d. 5.7 percent compounded continuously for three years. Present value $