[Solution Library] on page 56 Present and future values for different periods Find the following values, using the equations and then a financial calculator. Compounding/discounting
Question: 9 on page 56
Present and future values for different periods Find the following values, using the
equations and then a financial calculator. Compounding/discounting occurs annually.
- An initial $500 compounded for 1 year at 6 percent.
- An initial $500 compounded for 2 years at 6 percent.
- The present value of $500 due in 1 year at a discount rate of 6 percent.
- The present value of $500 due in 2 years at a discount rate of 6 percent.
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