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. a. An initial $400 compounded for 1 year at 6%. %24 b. An initial $400o compounded for 2 years at 6%. %24 c. The present value of $400 due in 1 year at a discount rate of 6%. %24 d. The present value of $400 due in 2 years at a discount rate of 6%

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