Problem 5-10 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 5%.

$ ___

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

$ ___

c. The present value of $300 due in 10 year at 5%.

$ ___

d. The present value of $2,055 due in 10 years at 10%.

$ ___

e. The present value of $2,055 due in 10 years at 5%.

$ ___