Find the present value of $500 due in five years under each of the following conditions: 12 percent simple rate, compounded annually 12 percent simple rate, compounded semiannually 12 percent simple...

Find the present value of $500 due in five years under each of the following conditions:

1. 12 percent simple rate, compounded annually


2. 12 percent simple rate, compounded semiannually


3. 12 percent simple rate, compounded quarterly


4. 12 percent simple rate, compounded monthly