Find the present value of $200 due in the future under each of
these conditions:
12% nominal rate, semiannual compounding, discounted back 6
years. Do not round intermediate calculations. Round your answer to
the nearest cent.
12% nominal rate, quarterly compounding, discounted back 6
years. Do not round intermediate calculations. Round your answer to
the nearest cent.
12% nominal rate, monthly compounding, discounted back 1 year.
Do not round intermediate calculations. Round your answer to the
nearest cent.
Why do...