Find the following values using the equations and then a financial calculator. Compounding/discounting occurs annually.
a. An initial $500 compounded for 1 year at 6%
b. An initial $500 compounded for 2 years at 6%
c. The present value of $600 due in 1 year at a discount rate of 6%.
d. The present value of $600 due in 2 years at a discount rate of 6%.
Answers: 3
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Find the following values using the equations and then a financial calculator. Compounding/discounti...
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