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Find the present value of 500 due in the future under each of the following conditions. Do not round intermediate

calculations round your answers to the nearest cent

A) 9 percent nominal rate, semiannual compounding discounted back 5 years

B) 9 percent nominal rate quarterly compounded discounted back 5 years

C) 9 percent nominal rate compounded discounted back 1 years

Top Answer

A) Present value = $321.96 B)... View the full answer

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