Present and future values with varying interest rates

Reference no: EM1327706

If the interest rate this year is 7.2% and the interest rate next year will be 9.2%, what is the future value of $1 after 2 years? What is the present value of a payment of $1 to be received in 2 years? (Do not round intermediate calculations. Round your answers to 4 decimal places.)

Future value $

Present value $

Reference no: EM1327706

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