Finance Question

Find the following values. Compounding/discounting occurs annually. Do not round intermediate calculations. Round your answers to the nearest cent.

a. An initial $400 compounded for 10 years at 5%.

$

b. An initial $400 compounded for 10 years at 10%.

$

c. The present value of $400 due in 10 years at 5%.

$

d. The present value of $2,055 due in 10 years at 10% and 5%.

Present value at 10%: $

Present value at 5%: $