# Find the present value of $3,500 under each of the following rates and periods: a. 8.9 percent compounded monthly for

## Question:

Find the present value of $3,500 under each of the following rates and periods:

a. 8.9 percent compounded monthly for five years.

b. 6.6 percent compounded quarterly for eight years.

c. 4.3 percent compounded daily for four years.

d. 5.7 percent compounded continuously for three years.

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**Related Book For**

## Fundamentals of corporate finance

**ISBN:** 978-0470876442

2nd Edition

**Authors:** Robert Parrino, David S. Kidwell, Thomas W. Bates

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