Question: Question 26 (updated) 26. Problem 5.09 (Present and Future Values for Different Periods) Find the following values using the equations and then a financial calculator

Question 26 (updated)

26. Problem 5.09 (Present and Future Values for Different Periods) Find the following values using the equations and then a financial calculator Compounding/discounting occurs annually, Do not round intermediate caiculatiens. Round your answers to the nearest cent. a. An initial $500 compounded for 1 year at 5%. 3 s b. An initial 1500 compeunded for 2 years at 5%. 3 c. The present value of $500 due in 1 year at a discount rate of 5%. 5 d. The present value of $500 due in 2 years at a discount rate of 5% : 5

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