Now it's time to practice what you've learned. Consider a future value of $500, 6 years in the future. Assume that the n

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Now It S Time To Practice What You Ve Learned Consider A Future Value Of 500 6 Years In The Future Assume That The N 1 (113.76 KiB) Viewed 17 times

Now it's time to practice what you've learned. Consider a future value of $500, 6 years in the future. Assume that the nominal interest rate is 18.00%. Assume that there is semiannual compounding. Entering PMT=0 and a FV=$500 into a financial calculator, along with the appropriate periodic interest rate and value of N, yields a present value of approximately $ with semiannual compounding. Assume that there is quarterly compounding. Entering PMT=0 and a FV=$500 into a financial calculator, along with the appropriate periodic interest rate and value of N, yields a present value of approximately $ with quarterly compounding. Suppose now that the cash flow of $500 occurs only 1 year in the future. Assume that there is monthly compounding. Entering PMT=0 and a FV=$500 into a financial calculator, along with the appropriate periodic interest rate and value of N, yields a present value of approximately $ with monthly compounding.