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Present value for various compounding periods find the

Present Value for Various Compounding Periods

Find the present value of $775 due in the future under each of the following conditions. Round your answers to the nearest cent.

a. 12% nominal rate, semi annual compounding, discounted back 5 years

b. 12% nominal rate, quarterly compounding, discounted back 5 years

c. 12% nominal rate, monthly compounding, discounted back 1 year

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