Question: solve Find the following values. Compounding/discounting occurs annually. Do not round intermediate calculations. Round your answers to the nearest cent. a. An initial $700 compounded
Find the following values. Compounding/discounting occurs annually. Do not round intermediate calculations. Round your answers to the nearest cent. a. An initial $700 compounded for 10 years at 9%. 5 b. An initial $700 compounded for 10 years at 18%. c. The present value of $700 due in 10 years at 9%. d. The present value of $2,975 due in 10 years at 18% and 9%. Present value at 18%:5 Present value at 9%:$
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