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 due in 2 years at a discount rate of 9%.

Find the following values using the equations and then a financial calculator.

Click here to read the eBook: Future Values Click here to read the eBook: Present Values PRESENT AND FUTURE VALUES FOR DIFFERENT PERIODS 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. a. An initial $400 compounded for 1 year at 996. b. An initial $400 compounded for 2 years at 990. C. The present value of $400 due in 1 year at a discount rate of 9%. d. The present value of $400 due in 2 years at a discount rate of 9%

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