Business & Finance Assignment | custom Homework Help
December 28th, 2019
Present value for various discounting periods Find the present value of $500 due in the future under each of these conditions:
- 5% nominal rate, semiannual compounding, discounted back 4 years. Round your answer to the nearest cent.
- 5% nominal rate, quarterly compounding, discounted back 4 years. Round your answer to the nearest cent.
- 5% nominal rate, monthly compounding, discounted back 1 year. Round your answer to the nearest cent