Present and future values for different periods

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Reference no: EM13921904

Find the following values using the equations and then a financial calculator. Compounding/discounting occurs annually. Round your answers to the nearest cent.

An initial $700 compounded for 1 year at 3%.

An initial $700 compounded for 2 years at 3%.

The present value of $700 due in 1 year at a discount rate of 3%.

The present value of $700 due in 2 years at a discount rate of 3%.

Reference no: EM13921904

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