Problem:
Find the present value of $525 due in the future under each of the following conditions. Please provide step by step solution and show all work.
A. 10% nominal rate, semiannual compounding, discounted back 5 years $
B. 10% nominal rate, quarterly compounding, discounted back 5 years $
C. 10% nominal rate, monthly compounding, discounted back 1 year $