Find the present value of 700 due in the future under each, Ask an Expert

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Find the present value of $700 due in the future under each of these conditions:

10% nominal rate, semi annual compounding, discounted back 5 years. Round your answer to the nearest cent.

10% nominal rate, quarterly compounding, discounted back 5 years. Round your answer to the nearest cent.

10% nominal rate, monthly compounding, discounted back 1 year. Round your answer to the nearest cent.

Why do the differences in the PVs occur?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91417296

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