Click here to read the eBook: Future Values Click here to read the eBook: Present Values PRESENT AND FUTURE VALUES FOR DIFFERENT PERIODS Find the following values using the equations and then a financial calculator. Compounding/discounting occurs annually. Do not round Intermediate calculations Round your answers to the nearest cent . An initial $400 compounded for a year at 7%. $ b. An initial $400 compounded for 2 years at 7% The present value of $400 due in a year at a discount rate of . 4. The present value of $400 due in 2 years at a discount rate of 7%