Question: . NEED ANSWER ASAP / ANSWER NEVER USED BEFORE, COMPLETELY NEW ANSWER PLEASE a.) Find the present value of $425 due in the future under

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NEED ANSWER ASAP / ANSWER NEVER USED BEFORE, COMPLETELY NEW ANSWER PLEASE

a.)

Find the present value of $425 due in the future under each of the following conditions. Do not round intermediate calculations. Round your answers to the nearest cent.

  1. 15% nominal rate, semiannual compounding, discounted back 5 years.

    $

  2. 15% nominal rate, quarterly compounding, discounted back 5 years.

    $

  3. 15% nominal rate, monthly compounding, discounted back 1 year.

    $

b.)

Find the future values of the following ordinary annuities.

  1. FV of $200 each 6 months for 10 years at a nominal rate of 16%, compounded semiannually. Do not round intermediate calculations. Round your answer to the nearest cent.

    $

  2. FV of $100 each 3 months for 10 years at a nominal rate of 16%, compounded quarterly. Do not round intermediate calculations. Round your answer to the nearest cent.

    $

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