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

6. Problem 5.09 (Present and Future Values for Different Periods) 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 $400 compounded for 1 year at 10%. $ b. An initial $400 compounded for 2 years at 10%. $ c. The present value of $400 due in 1 year at a discount rate of 10%. $ d. The present value of $400 due in 2 years at a discount rate of 10%

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