Find the present value of $5,300 under each of the following rates and periods

  

Find the present value of $5,300 under each of the following rates and periods.(If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.)a. 8.9 percent compounded monthly for five years.Present value$b. 6.6 percent compounded quarterly for eight years.Present value$c. 4.3 percent compounded daily for four years.Present value$d. 5.7 percent compounded continuously for three years.Present value$