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9. 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
9. 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 $200 compounded for 1 year at 4%. b. An initial $200 compounded for 2 years at 4%. c. The present value of $200 due in 1 year at a discount rate of 4% d. The present value of $200 due in 2 years at a discount rate of 4%
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