Find the present value of 700 due in the future under each


Present value for various discounting periods

Find the present value of $700 due in the future under each of these conditions:

11% nominal rate, semiannual compounding, discounted back 5 years. Round your answer to the nearest cent.
$  

11% nominal rate, quarterly compounding, discounted back 5 years. Round your answer to the nearest cent.
$  

11% nominal rate, monthly compounding, discounted back 1 year. Round your answer to the nearest cent.
$  

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Financial Management: Find the present value of 700 due in the future under each
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