Question: Now it's time to practice what you've learned. Consider a future value of $3,000,9 years in the future. Assume that the nominal interest rate is

Now it's time to practice what you've learned. Consider a future value of $3,000,9 years in the future. Assume that the nominal interest rate is 18,00%. Assume that there is semiannuaf compounding. Entering PMT =0 and a FV =$3,000 into a financial calculator, along with the appropriate periodic interest rate and value of N, yleids 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 calculatoc, 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 PAT =0 and a FV=$3,000 into a financlal 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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