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4. Find the following values using the equations and then using a financial calculator. Note that compounding/discounting occurs annually. When solving with equations, include a

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4. Find the following values using the equations and then using a financial calculator. Note that compounding/discounting occurs annually. When solving with equations, include a timeline. When solving with a financial calculator please show the keys used and the corresponding numbers. You must show your work to receive credit. Example of work to show 0 2 -600PV = ? Using $674.16 a financial calculator, enter N = 2, l/YR-6, PV-600, PMT-O, and FV ? Solve for FV- a) An initial $1,500 compounded for 1 year at 4% Answer b) An initial $1,500 compounded for 2 years at 4% Answer: c) The present value of $1,500 due in 1 year at a discount rate of 4% Answer: d) The present value of $1,500 due in 2 years at a discount rate of 4%

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