Question: PRESENT VALUE FOR VARIOUS DISCOUNTING PERIODS Find the present value of $600 due in the future under each of these conditions: a. 7% nominal rate,

PRESENT VALUE FOR VARIOUS DISCOUNTING PERIODS Find the present value of

PRESENT VALUE FOR VARIOUS DISCOUNTING PERIODS Find the present value of $600 due in the future under each of these conditions: a. 7% nominal rate, semiannual compounding, discounted back 4 years. Round your answer to the nearest cent. b, 7% nominal rate, quarterly compounding, discounted back 4 years. Round your answer to the nearest cent. C. 7% nominal rate, monthly compounding, discounted back 1 year. Round your answer to the nearest cent. d. Why do the differences in the PVs occur? Select

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