Question: 3. Exercise Three: Compute the Present Value of 1,000,000 USD (U.S. Dollars), received 250 years from today, if the interest rate is 6.25%, assuming: (a)

3. Exercise Three: Compute the Present Value of 1,000,000 USD (U.S. Dollars), received 250 years from today, if the interest rate is 6.25%, assuming: (a) simple interest, (b) yearly compounding, (c) monthly compounding, (d) daily compounding, (e) verify all your discrete compounding answers by using the PV function as shown in class

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