Find the present value of the given amounts F with the indicated annual rate of return r, the number of years t, and the indicated compounding. (Round your answers to the nearest cent.) F = $5400, r = 3.1%, t = 24 (a) compounded annually $  (b) compounded quarterly $  (c) compounded monthly $  (d) compounded daily $

A First Course in Probability (10th Edition)
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Chapter1: Combinatorial Analysis
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Find the present value of the given amounts F with the indicated annual rate of return r, the number of years t, and the indicated compounding. (Round your answers to the nearest cent.)

F = $5400, r = 3.1%, t = 24
(a) compounded annually


(b) compounded quarterly


(c) compounded monthly


(d) compounded daily
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