Find the present value of $500 due in five years under each of the following conditions: a.

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Find the present value of $500 due in five years under each of the following conditions:

a. 12 percent simple rate, compounded annually

b. 12 percent simple rate, compounded semiannually

c. 12 percent simple rate, compounded quarterly

d. 12 percent simple rate, compounded monthly

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Principles of Finance

ISBN: 978-1285429649

6th edition

Authors: Scott Besley, Eugene F. Brigham

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Question Posted: Nov 24, 2014 08:55 AM

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Find the present value of $500 due in five years under each of the following conditions: a.

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a PV 500112 5 500056743 28371 Using a financial calculator enter N 5 IY 12 and FV 500 comp...View the full answer

Principles of Finance

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