Present and future values for different periods

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Reference no: EM131308899

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 calculations. Round your answers to the nearest cent.

An initial $400 compounded for 1 year at 5%. $

An initial $400 compounded for 2 years at 5%. $

The present value of $400 due in 1 year at a discount rate of 5%. $

The present value of $400 due in 2 years at a discount rate of 5%. $

Reference no: EM131308899

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