Question: Present value for various discounting periods Find the present value of $500 due in the future under each of these conditions: 13% nominal rate, semiannual

Present value for various discounting periods

Find the present value of $500 due in the future under each of these conditions:

13% nominal rate, semiannual compounding, discounted back 9 years. Round your answer to the nearest cent. $

13% nominal rate, quarterly compounding, discounted back 9 years. Round your answer to the nearest cent. $

13% nominal rate, monthly compounding, discounted back 1 year. Round your answer to the nearest cent. $

Future value for various compounding periods

Find the amount to which $200 will grow under each of these conditions:

7% compounded semiannually for 6 years. Do not round intermediate calculations. Round your answer to the nearest cent.

$

7% compounded quarterly for 6 years. Do not round intermediate calculations. Round your answer to the nearest cent. $

7% compounded monthly for 6 years. Do not round intermediate calculations. Round your answer to the nearest cent. $

7% compounded daily for 6 years. Do not round intermediate calculations. Round your answer to the nearest cent. $

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