Question: Find the following values. Compounding/discounting occurs annually. Do not round intermediate calculations. Round your answers to the nearest cent. 3. An initial $800 compounded for
Find the following values. Compounding/discounting occurs annually. Do not round intermediate calculations. Round your answers to the nearest cent. 3. An initial $800 compounded for 10 years at 9%. b. An initial $800 compounded for 10 years at 18%. s. c. The present value of $800 due in 10 years at 9%. 5 d. The present value of $2,210 due in 10 years at 18% and 9%. Present value at 18% : $ Present value at 9%:s e. Define present value. t. The present value is the value today of a sum of money to be received in the future and in general is less than the future value. 11. The present value is the value today of a sum of money to be received in the future and in general is greater than the future value. IIt. The present value is the value todar of a sum of money to be received in the future and in general is equal to the future value. IV. The present value is the value in the future of a sum of money to be received today and in general is less than the future value. . The present value is the value in the future of a sum of money to be received today and in general is greater than the future value. How are present values affected by interest rotes? iseise
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