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Help please Find the following values. Compounding/discounting occurs annually. Do not round intermediate calculations. Round your answers to the nearest cent. a. An Initial $800
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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 $800 compounded for 10 years at 8%5. b. An initial $800 compounded for 10 years at 16%. 5 c. The present value of $800 due in 10 years at 8%. d. The present value of $2,425 due in 10 years at 16% and 8%. Present value at 16% : $ Present value at 8%:5 e. Define-picsent value. 1. The present value is the value today of a 5 um of money to be received in the future and in gencral is less than the future value. II. The present value is the value today of a sum of money to be recelved in the future and in general is greater than the future value. III. The present value is the value today of a sum of money to be recelved in the future and in general is equal to the future value. NV. The present value is the value in the future of a sum of money to be received today and in oeneral is less than the future value. V. The present value is the value in the future of a sum of money to be received today and in general is greater than the future value. Waw aro nriesant values affected by interest rates Step by Step Solution
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