Question: Please solve this and explain everything how to solve in details. Thank you! 5-24 PRESENT VALUE FOR VARIOUS DISCOUNTING PERIODS Find the present value of

Please solve this and explain everything how to solve in details. Thank you!

5-24 PRESENT VALUE FOR VARIOUS DISCOUNTING PERIODS Find the present value of $500 due in the future under each of these conditions: a. 12% nominal rate, semiannual compounding, discounted back 5 years b. 12% nominal rate, quarterly compounding, discounted back 5 years c. 12% nominal rate, monthly compounding, discounted back 1 year d. Why do the differences in the PVs occur

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