Question: drop downs are numbers , please show work Consider a future value of $500,6 years in the future. Assume that the nominal interest rate is

Consider a future value of $500,6 years in the future. Assume that the nominal interest rate is 12.00%. If you are calculating the present value of this cash flow under semiannual (twice per year) compounding, you would enter N and for I/Y into your financial calculator. Entering in the values you just calculated for N and I/Y, along with a PMT =0 and a FV= $500, into a financial caiculator yields a present value of approximately $ with semiannual compounding. If you are calculating the present value of this cash flow under quarterly (four times per year) compounding, you would enter for I/Y into your financial calculator. Entering in the values you just calculated for N and I/Y, along with a PMT =0 and a FV= $500, into a financial caiculator yieids a present value of approximately $ with quarterly compounding. Suppose now that the cash flow of $500 only 1 year in the future. If you are calculating the present value of this cash flow under quarterly (12 times per year) compounding. you would enter for N and for IY into your financial calculater. Entering in the values you just calculated for N and I/Y, along with a PMT =0 and a FV=$500, into a financial calculator yieids a present value of approximately $ with monthly compounding. Entering in the values you just calculated for N and I/Y, along with a PMT =0 and a FV=$500, into a financial calculator ylelds a present value of approximately $ with monthly compounding. Step 3: Practicet Present Value for Various Discounting Periods Now it's time to practice what you've learned. Consider a future value of $500,7 years in the future. Assume that the nominal interest rate is 24.00%. Assume that there is semiannual compounding. Entering PMT =0 and a FV= $500 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 quarteriy compounding. Entering PMT=0 and a FV=$500 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 $500 occurs only 1 year in the future. Assume that there is monthly compounding. Entering PMT=0 and a FV=$500 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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