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 $500 compounded for 1 year at 4 $ An initial $500 compounded for 2 years at 4 $ The present value of $500 due in 1 year at a discount rate of 4 $ The present value of $500 due in 2 years at a discount rate of 4

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Question: 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

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 $500 compounded for 1 year at 4%.

$
An initial $500 compounded for 2 years at 4%.

$
The present value of $500 due in 1 year at a discount rate of 4%.

$
The present value of $500 due in 2 years at a discount rate of 4%.

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