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Find the following values. Compounding/discounting occurs annually. Do not round intermediate calculations. Round your answers to the nearest cent. a. An initial $400 compounded for
Find the following values. Compounding/discounting occurs annually. Do not round intermediate calculations. Round your answers to the nearest cent. a. An initial $400 compounded for 10 years at 9%. $ b. An initial $400 compounded for 10 years at 18%. $ c. The present value of $400 due in 10 years at 9%. $ d. The present value of $1,650 due in 10 years at 18% and 9%. Present value at 18%: $ Present value at 9%: $ |
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