Question
PRESENT AND FUTURE VALUES FOR DIFFERENT PERIODS Find the following values using the equations and then a financial calculator. Compounding/discounting occurs annually. Do not round
PRESENT AND FUTURE VALUES FOR DIFFERENT PERIODS
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.
a. An initial $600 compounded for 1 year at 7%
b. An initial $600 compounded for 2 years at 7%
c. The present value of $600 due in 1 year at a discount rate of 7%
d. The present value of $600 due in 2 years at a discount rate of 7%
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Business Forecasting
Authors: John E. Hanke, Dean Wichern
9th edition
132301202, 978-0132301206
