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 $400 compounded for 1 year at 9%. $ An initial $400 compounded for 2 years at 9%. $ The present value of $400 due in 1 year at a discount rate of 9%. $ The present value of $400 is due in 2 years at a discount rate of 9%. $
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