12. Problem 5.24 (Present Value for Various Discounting Periods) eBook Problem Walk Through Find the present value of $700 due in the future under each of these conditions: a. 6% nominal rate, semiannual compounding, discounted back 10 years. Do not round Intermediate calculation. Round your answer to the nearest cent. b. 6% nominal rate, quarterly compounding, discounted back 10 years. Do not round intermediate calculations. Round your answer to the nearest cent. c. 6% nominal rate, monthly compounding, discounted back i vear. Do not found intermediate calculations. Round your answer to the nearest cent. d. Why do the differences in the PVs occur? Select