What is the discounted value of payments of $86.0086.00 made at the end of eacheach monthmonth for 5.755.75 years if interest is 8 %8% compounded monthly question mark monthly? Question content area bottom Part 1 The discounted value is $enter your response here. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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The formula is: \[ PV = P \times \left(1 - (1 + r)^{-n}\right) / r \] Where: - \(PV\) = Present Value (discounted value) - \(P\) = Payment amount per period - \(r\) = Interest rate per period - \(n\) = Total number of payments Show more…
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Find the present value of $800 due in the future under each of the following conditions. Do not round intermediate calculations. Round your answers to the nearest cent. 6% nominal rate, semiannual compounding, discounted back 5 years. $ 6% nominal rate, quarterly compounding, discounted back 5 years. $ 6% nominal rate, monthly compounding, discounted back 1 year. $
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