Question: IS 16. Find the following values using the equations and then a financial calculator Compounding/discounting cours anualy. Do not round Intermediate calculations. Round your answers

IS 16. Find the following values using the equations and then a financial calculator Compounding/discounting cours anualy. Do not round Intermediate calculations. Round your answers to the nearest cent. a. An initial $400 compounded for 1 year at 3% 6. An initial $400 compounded for 2 years at 3%. c. The present value of $400 due in 1 year at a discount rate of 3%. 20 d. The present value of $400 due in 2 years at a discount rate of 3%

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