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
$________
Answer:
(A) 4% nominal rate, semiannual compounding, discounted back 5 years
FV = $400
PV = (rate, nper, pmt, fv, type) = PV(4%/2, 10, 0, -400, 0) = $328.14
4% nominal rate, semiannual compounding, discounted back 5 years = $328.14
(B) 4% nominal rate, quarterly compounding, discounted back 5 years
PV = (rate, nper, pmt, fv, type) = PV(4%/4, 20, 0, -400, 0) = $327.82
4% nominal rate, quarterly compounding, discounted back 5 years = $327.82
(C) 4% nominal rate, monthly compounding, discounted back 1 year
PV = (rate, nper, pmt, fv, type) = PV(4%/12, 12, 0, -400, 0) = $384.34
4% nominal rate, monthly compounding, discounted back 1 year is = $384.34
Present Value for Various Compounding Periods Find the present value of $400 due in the future...
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 $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 $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. $
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 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 $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. $
Future Value for Various Compounding Periods Find the amount to which $550 will grow under each of the following conditions. Do not round intermediate calculations. Round your answer to the nearest cent. 5% compounded annually for 5 years $ 5% compounded semiannually for 5 years $ 5% compounded quarterly for 5 years $ 5% compounded monthly for 5 years $
Future Value of an Annuity for Various Compounding Periods Find the future values of the following ordinary annuities: FV of $800 paid each 6 months for 7 years at a nominal rate of 12%, compounded semiannually. Round your answer to the nearest cent. $ FV of $400 paid each 3 months for 7 years at a nominal rate of 12%, compounded quarterly. Round your answer to the nearest cent. $
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....