Question: elook 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
elook 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 a. An initial $400 compounded for 1 year at 8% 5 b. An initial 5400 compounded for 2 years at 09 The present value of $400 due in 1 year at a discount rate of 89 5 d. The present value of $400 due in 2 years at a discount rate of 8%
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