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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. An initial

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.

An initial $600 compounded for 1 year at 6%

An initial $600 compounded for 2 years at 6%

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

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

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