Present Value for Various Compounding Periods

Find the present value of $675 due in the future under each of the following conditions. Do not round intermediate calculations. Round your answers to the nearest cent.

12% nominal rate, semiannual compounding, discounted back 5 years.

$

12% nominal rate, quarterly compounding, discounted back 5 years.

$

12% nominal rate, monthly compounding, discounted back 1 year.

$