Question: Find the following values, using the equations, and then work the problems using a financial calculator to check answers. Disregard rounding differences. a). an initial

Find the following values, using the equations, and then work the problems using a financial calculator to check answers. Disregard rounding differences.

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

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

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

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

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