Question: Problem 5-9 Present and future values for different periods Find the following values using the equations and then a financial calculator. Compounding/discounting occurs annually. Round

Problem 5-9 Present and future values for different periods Find the following values using the equations and then a financial calculator. Compounding/discounting occurs annually. Round your answers to the nearest cent. An initial $500 compounded for 1 year at 7%. $ An initial $500 compounded for 2 years at 7%. $ The present value of $500 due in 1 year at a discount rate of 7%. $ The present value of $500 due in 2 years at a discount rate of 7%. $

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