Question: Now it's time to practice what you've learned. Consider a future value of $3,000,8 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 $3,000,8 years in the future. Assume that the nominal interest rate is 24.00%. Assume that there is semiannusl compounding. Entering PMT =0 and a FV=$3,000 into a financial calculator, along with the appropnate 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 irto a financial calculato, along with the appropriate penodic interest rate and value of N. vieids a present value of approximately $ with quarterly compounding.- Suppose now that the cash fiow of $3,000 occurs only 1 year in the future. Assume that there is manthy dompounding

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