5-9.

Present and Future Values for Different Periods Find the following values using the equations and then a financial calculator. Compounding/discounting occurs annually.

1. An initial $600 compounded for 1 year at 6%

2. An initial $600 compounded for 2 years at 6%

3. The present value of $600 due in 1 year at a discount rate of 6%

4. The present value of $600 due in 2 years at a discount rate of 6%