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Find the present value of $675 due in the future under each of the following conditions. Do not round intermediate calculations. Round your answers to the nearest cent. a. 6% nominal rate, semiannual compounding, discounted back 5 years b. 6% nominal rate, quarterly compounding, discounted back 5 years c. 6% nominal rate, monthly compounding, discounted back 1 year.

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Financial Management, Finance

Category:- Financial Management
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