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?

    solution: a) semiannual compoundin PV-FV/(1+r)n FV-300,r-1596/2-7.5%, n-82-16 PV-300/(1.075A16 FV Future appreciate PV Present va