Present value for various discounting periods
Find the present value of $300 due in the future under each of these conditions:
15% nominal rate, semiannual compounding, discounted back 8
years. Round your answer to the nearest cent.
$
15% nominal rate, quarterly compounding, discounted back 8
years. Round your answer to the nearest cent.
$
15% nominal rate, monthly compounding, discounted back 1 year.
Round your answer to the nearest cent.
$
Why do the differences in the PVs occur?
Get Answers For Free
Most questions answered within 1 hours.