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Present Value of $800 under Different Interest Rates and Compounding Periods

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Find the present value of $800 due in the future under each of the following conditions. Do not round intermediate calculations. Round your final answers to the nearest cent. 9% nominal rate, semiannual compounding, discounted back 5 years. 9% nominal rate, quarterly compounding, discounted back 5 years. 9% nominal rate, monthly compounding, discounted back 1 year..

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Find the present value of $800 due in the future under each of the following conditions. Do not round intermediate calculations. Round your final answers to the nearest cent. 9% nominal rate, semiannual compounding, discounted back 5 years. 9% nominal rate, quarterly compounding, discounted back 5 years. 9% nominal rate, monthly compounding, discounted back 1 year.

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Present Value of $800 under Different Interest Rates and Compounding Periods

  • 1. Find the present value of $800 due in the future under each of the following conditions. Do not round intermediate calculations. Round your final answers to the nearest cent. 9% nominal rate, semiannual compounding, discounted back 5 years. 9% nominal rate, quarterly compounding, discounted back 5 years. 9% nominal rate, monthly compounding, discounted back 1 year.