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. An initial $700 compounded for 1 year at 4%. $ An initial $700 compounded for 2 years at 4%. $ The present value of $700 due in 1 year at a discount rate of 4%. $ The present value of $700 due in 2 years at a discount rate of 4%.