document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=713757>Question 713757</A>: <I><SPAN STYLE=\"word-break: break-all;\">  \r<BR>\n" );
document.write( "\n" );
document.write( "Find the present value of $5,400 under each of the following rates and periods.\r<BR>\n" );
document.write( "\n" );
document.write( "(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.)\r<BR>\n" );
document.write( "\n" );
document.write( "a. 8.9 percent compounded monthly for five years.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "Present value  $ \r<BR>\n" );
document.write( "\n" );
document.write( "b. 6.6 percent compounded quarterly for eight years.\r<BR>\n" );
document.write( "\n" );
document.write( "Present value  $ \r<BR>\n" );
document.write( "\n" );
document.write( "c. 4.3 percent compounded daily for four years.\r<BR>\n" );
document.write( "\n" );
document.write( "Present value  $ \r<BR>\n" );
document.write( "\n" );
document.write( "d. 5.7 percent compounded continuously for three years.\r<BR>\n" );
document.write( "\n" );
document.write( "Present value  $ <BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #473522 by </B><A HREF=/tutors/aboutme.mpl?userid=Dlc410><B>Dlc410(1)</B></A><img src=\"/images/stars/iconNewId_16x16.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Dlc410><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=473522\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\">  </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );