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.

1. An initial $600 compounded for 1 year at 3%.

   $

2. An initial $600 compounded for 2 years at 3%.

   $

3. The present value of $600 due in 1 year at a discount rate of 3%.

   $

4. The present value of $600 due in 2 years at a discount rate of 3%.

   $