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Find the foliowing values. Compounding/discounting occurs annuslly, Do not round intermediate calculations: Round your answers to the nearest cent. a. An intial $500 compounded for
Find the foliowing values. Compounding/discounting occurs annuslly, Do not round intermediate calculations: Round your answers to the nearest cent. a. An intial $500 compounded for 10 years at 996. 5 b. An initial $800 compounded for 10 years at 18%. 5 c. The present value of $800 due in 10 years at 9%. 5 d. The present value of $1,430 due in 10 years at 18% and 9%. Present value at 1846:5 Present value at 996: $ e. Define present value. 1. The present value is the value today of a sum of money to be received in the future and in generat is iess than the future value. 11. The present value is the value today of a sum of money to be received in the future and in general is greater than the future value. III. The present value is the value today of a sum of money to be received in the future and in general is equal to the future value. IV, The present value is the value in the future of a sum of money to be received today and in general is less than the future value. . The present value is the value in the future of a sum of money to be received today and in general is greaten than the future value: How are present values affected by interest rates? Now
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