What would be the present value on January 1, year 1, of a $6,000 note (this amount includes both principal and interest) which is payable in full on December 31, year 4, at a 12 percent interest rate, assuming:
(a) Annual discounting? $_______________________.
(b) Semi-annual discounting? $_______________________.
(c) Quarterly discounting? $_______________________.

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The Answer of What would be the present value on January 1, year 1, of a $6,000 note (this amount includes both principal and interest) which is payable in full on December 31, year 4, at a 12 percent interest rate, assuming:
(a) Annual discounting? $_______________________.
(b) Semi-annual discounting? $_______________________.
(c) Quarterly discounting? $_______________________.

What Would Be the Present Value on January 1, Year