PRESENT AND FUTURE VALUES FOR DIFFERENT INTEREST RATES

Find the following values. Compounding/discounting occurs annually. Round your answers to the nearest cent.

a. An initial $300 compounded for 10 years at 9%.

$

b. An initial $300 compounded for 10 years at 18%.

$

c. The present value of $300 due in 10 year at 9%.

$

d. The present value of $2,785 due in 10 years at 18%.

$

e. The present value of $2,785 due in 10 years at 9%.

$