1.
Find the present value of $725 due in the future under each of
the following conditions. Do not round intermediate calculations.
Round your answers to the nearest cent.
15% nominal rate, semiannual compounding, discounted back 5
years.
$
15% nominal rate, quarterly compounding, discounted back 5
years.
$
15% nominal rate, monthly compounding, discounted back 1
year.
$
2.
Find the present values of the following cash flow streams. The
appropriate interest rate is 10%. (Hint: It is fairly...