Suppose Kim has $800 due in the future and the nominal rate is 6%, please find out its present value under following two conditions: (1) Semiannual compounding, discounted back 8 years (2) Quarterly compounding, discounted back 8 years. Why do the differences in the PVs occur?
Suppose Kim has $800 due in the future and the nominal rate is 6%, please find...
Find the present value of $700 due in the future under each of these conditions: 7% nominal rate, semiannual compounding, discounted back 10 years. Do not round intermediate calculations. Round your answer to the nearest cent. 7% nominal rate, quarterly compounding, discounted back 10 years. Do not round intermediate calculations. Round your answer to the nearest cent. 7% nominal rate, monthly compounding, discounted back 1 year. Do not round intermediate calculations. Round your answer to the nearest cent. Why do...
Find the present value of $300 due in the future under each of these conditions: 13% nominal rate, semiannual compounding, discounted back 5 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ 13% nominal rate, quarterly compounding, discounted back 5 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ 13% nominal rate, monthly compounding, discounted back 1 year. Do not round intermediate calculations. Round your answer to the nearest cent....
5.24 Find the present value of $600 due in the future under each of these conditions: 6% nominal rate, semiannual compounding, discounted back 7 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ 6% nominal rate, quarterly compounding, discounted back 7 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ 6% nominal rate, monthly compounding, discounted back 1 year. Do not round intermediate calculations. Round your answer to the nearest...
Find the present value of $700 due in the future under each of the following conditions. Do not round intermediate calculations. Round your 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. $
Present Value for Various Compounding Periods Find the present value of $500 due in the future under each of the following conditions. Do not round intermediate calculations. Round your answers to the nearest cent. 4% nominal rate, semiannual compounding, discounted back 5 years $ 4% nominal rate, quarterly compounding, discounted back 5 years $ 4% nominal rate, monthly compounding, discounted back 1 year $
Present Value for Various Compounding Periods Find the present value of $400 due in the future under each of the following conditions. Do not round intermediate calculations. Round your answers to the nearest cent. 4% nominal rate, semiannual compounding, discounted back 5 years $ _______ 4% nominal rate, quarterly compounding, discounted back 5 years $________ 4% nominal rate, monthly compounding, discounted back 1 year $________
Present Value for Various Compounding Periods 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. $ 504.40 b. 6% nominal rate, quarterly compounding, discounted back 5 years. $ c. 6% nominal rate, monthly compounding, discounted back 1 year.
Find the present value of $200 due in the future under each of these conditions: 16% nominal rate, semiannual compounding, discounted back 5 years. Round your answer to the nearest cent. $ 16% nominal rate, quarterly compounding, discounted back 5 years. Round your answer to the nearest cent. $ 16% nominal rate, monthly compounding, discounted back 1 year. Round your answer to the nearest cent. $
Find the present value of $700 due in the future under each of these conditions: a. 15% nominal rate, semiannual compounding, discounted back 8 years. Do not round intermediate calculations. Round your answer to the nearest cent. b. 15% nominal rate, quarterly compounding, discounted back 8 years. Do not round intermediate calculations. Round your answer to the nearest cent. c. 15% nominal rate, monthly compounding, discounted back 1 year. Do not round intermediate calculations. Round your answer to the nearest...
can you pleas answe this two question please eBook Problem Walk-Through Find the present value of $500 due in the future under each of these conditions: a. 6% nominal rate, semiannual compounding, discounted back 5 years. Do not round intermediate calculations. Round your answer to the nearest cent. b. 6% nominal rate, quarterly compounding, discounted back 5 years. Do not round intermediate calculations. Round your answer to the nearest cent. c. 6% nominal rate, monthly compounding, discounted back 1 year....