Find the following values, using the equations, and then work

Find the following values, using the equations, and then work the problems using a financial calculator to check your answers. Disregard rounding differences.

a. An initial $9,500 compounded for 1 year at 7%.

b. An initial $9,500 compounded for 2 years at 7%.

c. The present value of $9,500 due in 1 year at a discount rate of 7%.

d. The present value of $9,500 due in 2 years at a discount rate of 7%.

Discount Rate
Depending upon the context, the discount rate has two different definitions and usages. First, the discount rate refers to the interest rate charged to the commercial banks and other financial institutions for the loans they take from the Federal...

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