Semiannual compounding


Problem:

Find the present value of $525 due in the future under each of the following conditions. Please provide step by step solution and show all work.

A. 10% nominal rate, semiannual compounding, discounted back 5 years $

B. 10% nominal rate, quarterly compounding, discounted back 5 years $

C. 10% nominal rate, monthly compounding, discounted back 1 year $

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Finance Basics: Semiannual compounding
Reference No:- TGS0875866

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