Find the following values using the equations and then a financial calculator Compounding discounting occurs annually Round your answers to the nearest cent An initial $400 compounded for 1 year at 10 $ An initial $400 compounded for 2 years at 10 $ The present value of $400 due in 1 year at a discount rate of 10 $ The present value of $400 due in 2 years at a discount rate of 10 $

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Question: Find the following values using the equations and then a financial calculator. Compounding/discounting occurs annually. Round your answers to the nearest cent. An initial $400

Find the following values using the equations and then a financial calculator. Compounding/discounting occurs annually. Round your answers to the nearest cent.

An initial $400 compounded for 1 year at 10%.

$
An initial $400 compounded for 2 years at 10%.

$
The present value of $400 due in 1 year at a discount rate of 10%.

$
The present value of $400 due in 2 years at a discount rate of 10%.

$

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