Find the present value of 5300 under each of the following, Ask an Expert

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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 $

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Financial Management, Finance

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