Question: Find the present value of 500 due in five years

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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  • CreatedNovember 24, 2014
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