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 $600 compounded for 1 year at 7 $ An initial $600 compounded for 2 years at 7 $ The present value of $600 due in 1 year at a discount rate of 7 $ The present value of $600 due in 2 years at a discount rate of 7 $

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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 $600 compounded for 1 year at 7%.$
An initial $600 compounded for 2 years at 7%.$
The present value of $600 due in 1 year at a discount rate of 7%.$
The present value of $600 due in 2 years at a discount rate of 7%.$

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