Future and present values for different periods

Reference no: EM1329215

Present and future values for different periods. 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 $500 due in 1 year at a discount rate of 6%.
d. The present value of $500 due in 2 years at a discount rate of 6%.

Reference no: EM1329215

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