Question: A) Find the amount to which $425 will grow under each of the following conditions. Do not round intermediate calculations. Round your answers to the

A) Find the amount to which $425 will grow under each of the following conditions. Do not round intermediate calculations. Round your answers to the nearest cent. 9% compounded annually for 5 years. $ 946.94 9% compounded semiannually for 5 years. $ 964.68 9% compounded quarterly for 5 years. $ 974.07 9% compounded monthly for 5 years. $ 980.54

B) Find the present value of $450 due in the future under each of the following conditions. Do not round intermediate calculations. Round your answers to the nearest cent. 6% nominal rate, semiannual compounding, discounted back 5 years. $ 6% nominal rate, quarterly compounding, discounted back 5 years. $ 6% nominal rate, monthly compounding, discounted back 1 year.

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