PRESENT AND FUTURE VALUES FOR DIFFERENT INTEREST RATES

Find the following values. Compounding/discounting occurs annually. Round your answers to the nearest cent.

a. An initial $400 compounded for 10 years at 5%.

__________$

b. An initial $400 compounded for 10 years at 10%.

__________$

c. The present value of $400 due in 10 year at 5%.

__________$

d. The present value of $2,750 due in 10 years at 10%.

__________$

e. The present value of $2,750 due in 10 years at 5%.

__________$