Find the following values using the equations and then a financial calculator. Compounding/discounting occurs annually. a. An initial $600 compounded for 1 year at 6% b. An initial $600 compounded for 2 years at 6% c. The present value of $600 due in 1 year at a discount rate of 6% d. The present value of $600 due in 2 years at a discount rate of 6% Find the following values. Compounding/discounting occurs annually. a. An initial $200 compounded for 10 years at 4% b. An initial $200 compounded for 10 years at 8% c. The present value of $200 due in 10 years at 4% d. The present value of $1, 870 due in 10 years at 8% and at 4% e. Define present value and illustrate it using a time line with data from part d. How are present values affected by interest rates? Sawyer Corporation's 2015 sales were $5 million. Its 2010 sales were $2.5 million. a. At what rate have sales been growing? b. Suppose someone made this statement: "Sales doubled in 5 years. This represents a growth of 100% in 5 years: so dividing 100% by 5, we find the growth rate to be 20% per year." Is the statement correct