Question: Problem 4-17 Present Value for Various Compounding Periods Find the present value of $725 due in the future under each of the following conditions. Round

Problem 4-17 Present Value for Various Compounding Periods Find the present

Problem 4-17 Present Value for Various Compounding Periods Find the present value of $725 due in the future under each of the following conditions. Round your answers to the nearest cent. a. 8% nominal rate, semiannual compounding, discounted back 5 years $405.34 b, 8% nominal rate, quarterly compounding, discounted back 5 years $403.78 C. 8% nominal rate, monthly compounding, discounted back 1 year $ 554.02

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