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 $800 compounded for 1 year at 5 An initial $800 compounded for 2 years at 5 The present value of $800 due in 1 year at a discount rate of 5 The present value of $800 due in 2 years at a discount rate of 5

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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 $800 compounded for 1 year at 5%.
An initial $800 compounded for 2 years at 5%.
The present value of $800 due in 1 year at a discount rate of 5%.
The present value of $800 due in 2 years at a discount rate of 5%.

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