Question: Find the following values using the equations and then a financial calculator. Compounding/discounting occurs annually. a. An initial $500 compounded for 1 year at 6%

Find the following values using the equations and then a financial calculator. Compounding/discounting occurs annually.

a. An initial $500 compounded for 1 year at 6%

b. An initial $500 compounded for 2 years at 6%

c. The present value of $500 due in 1 years at a discount rate of 6%

d. The present value of $500 due in 2 years at a discount rate of 6%

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