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Find the following values using the equations and then a financial calculator. Compounding / discounting occurs annually. Do not round intermediate calculations. Round your answers
Find the following values using the equations and then a financial calculator. Compoundingdiscounting occurs annually. Do not round intermediate calculations. Round your answers to the nearest cent.
An initial $ compounded for year at
$
An initial $ compounded for years at
$
The present value of $ due in year at a discount rate of
$
The present value of $ due in years at a discount rate of
$
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