Question: Consider a future value of $ 3 , 0 0 0 , 7 years in the future. Assume that the nominal interest rate is 1

Consider a future value of $3,000,7 years in the future. Assume that the nominal interest rate is 12.00%.
Assume that there is semiannual compounding.
Entering PMT=0 and a FV=$3,000 into a financial calculator, along with the appropriate periodic interest rate and value of N, yields a present value of approximately $ with semiannual compounding.
Assume that there is quarterly compounding.
Entering PMT=0 and a FV=$3,000 into a financial calculator, along with the appropriate periodic interest rate and value of N, yields a present value of approximately $ with quarterly compounding.
Suppose now that the cash flow of $3,000 occurs only 1 year in the future.
Assume that there is monthly compounding.
Entering PMT=0 and a FV=$3,000 into a financial calculator, along with the appropriate periodic interest rate and value of N, yields a present value of approximately $ with monthly compounding.

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