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Find the present value of 4800 under each of the following

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Find the present value of $4,800 under each of the following rates and periods. (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.)

a. 8.9 percent compounded monthly for five years.Present value $

b. 6.6 percent compounded quarterly for eight years.Present value $

c. 4.3 percent compounded daily for four years.Present value $

d. 5.7 percent compounded continuously for three years.Present value $

Reference no: EM13606729

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