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Please show step by step answer. NOT in the excel format. 3. Present...

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Please show step by step answer. NOT in the excel format.

3. Present Value. Compute the present value of $500 for the following combinations of annual percentage rates, years, and compounding periods (a) APR-10%, n-5 years, m-365 (daily) (b) APR-10%, n-10 years, m-1 (annually) (c) APR-10%, n-20.25 years, m-4 (quarterly)

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