Question: Find the following values. A) An initial 400 compounded for 1 year at 8 percent B) An initial 400 compounded for 2 years at 8
Find the following values. A) An initial 400 compounded for 1 year at 8 percent B) An initial 400 compounded for 2 years at 8 percent C) the present value of 400 due in 1 year at a discount rate of 8 percent D) the present value of 400 due in 2 years at discount rate of 8 percent
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