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4. Problem 5.09 (Present and Future Values for Different periods) eBook Find the following values using the equations and then a financial calculator. Compounding/discounting occurs

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4. Problem 5.09 (Present and Future Values for Different periods) eBook 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. a. An initial $700 compounded for 1 year at 10%. $ b. An initial $700 compounded for 2 years at 10%. $ c. The present value of $ 700 due in 1 year at a discount rate of 10%. $ d. The present value of $ 700 due in 2 years at a discount rate of 10%. $

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