Question: What is the present value of $ 9,000 five years from today if interest is? A. 3 percent compounded monthly? B. 4 percent compounded monthly?

What is the present value of $ 9,000 five years from today if interest is?
A. 3 percent compounded monthly?
B. 4 percent compounded monthly?
C. 3 percent compounded semimonthly?
D. 4 percent compounded semimonthly?
E. Explain the difference between part A and part C.

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