Question: Question 5-PV, Lump Sum, Compounding [2 points]: Find the present value of $600 due in five years under each of the following conditions: a) 12

Question 5-PV, Lump Sum, Compounding [2 points]: Find the present value of $600 due in five years under each of the following conditions: a) 12 percent simple rate, compounded annually PV=FV/(1+r)n600(1+.12)5=$340.46 b) 12 percent simple rate, compounded scmiannually IYY=122FV=600PMT=0N=52 CPT PV=$335.04 c) 12 percent simple rate, compounded quarterly d) 12 percent simple rate, compounded monthly

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