ind the present value of $3,200 under each of the following rates and periods.
(If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.)
a.
8.9 percent compounded monthly for five years.
Present value
$
[removed]
b.
6.6 percent compounded quarterly for eight years.
Present value
$
[removed]
c.
4.3 percent compounded daily for four years.
Present value
$
[removed]
d.
5.7 percent compounded continuously for three years.
Present value
$
[removed]
.
ind the present value of $3,200 under each of the following rates an.docx
1. ind the present value of $3,200 under each of the following
rates and periods.
(If you solve this problem with algebra round intermediate
calculations to 6 decimal places, in all cases round your final
answer to the nearest penny.)
a.
8.9 percent compounded monthly for five years.
Present value
$
[removed]
b.
6.6 percent compounded quarterly for eight years.
Present value
$
[removed]
c.
4.3 percent compounded daily for four years.
Present value
$
[removed]
d.
5.7 percent compounded continuously for three years.
Present value
$
[removed]
![ind the present value of $3,200 under each of the following
rates and periods.
(If you solve this problem with algebra round intermediate
calculations to 6 decimal places, in all cases round your final
answer to the nearest penny.)
a.
8.9 percent compounded monthly for five years.
Present value
$
[removed]
b.
6.6 percent compounded quarterly for eight years.
Present value
$
[removed]
c.
4.3 percent compounded daily for four years.
Present value
$
[removed]
d.
5.7 percent compounded continuously for three years.
Present value
$
[removed]](https://image.slidesharecdn.com/indthepresentvalueof3200undereachofthefollowingratesan-221129174057-62390cb9/85/ind-the-present-value-of-3200-under-each-of-the-following-rates-andocx-1-320.jpg)
