Find the following values. Compounding/discounting occurs annually. Do not round intermediate calculations. Round your answers to the nearest cent.

a. An initial $500 compounded for 10 years at 8%.

$ ________

b. An initial $500 compounded for 10 years at 16%.

$ _________

c. The present value of $500 due in 10 years at 8%.

$ _________

d. The present value of $2,330 due in 10 years at 16% and 8%.

Present value at 16%: $ _________

Present value at 8%: $ _________