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Now it's time to practice what you've learned. Consider a future value of $1,000, 6...

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Now it's time to practice what you've learned. Consider a future value of $1,000, 6 years in the future. Assume that the nominal Interest rate is 18.00%. Assume that there is semiannual compounding. Entering PMT=0 and a FV=$1,000 into a financial calculator, along with the appropriate periodic interest rate and value of N, yields a present value of approximately with semiannual compounding, Assume that there is quarterly compounding, Entering PMT0 and a FV=$1,000 into a financial calculator, along with the appropriate periodic Interest rate and value of N, yields a present value of approximately $ with quarterly compounding Suppose now that the cash flow of $1,000 occurs only 1 year in the future. Assume that there is monthly compounding. Entering PMT- and a PV-$1,000 into a financial calculator, along with the appropriate periodic interest rate and value of N. yields a present value of approximately with monthly compounding

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