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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.

An initial $600 compounded for 1 year at 3%.

An initial $600 compounded for 2 years at 3%.

The present value of $600 due in 1 year at a discount rate of 3%.

The present value of $600 due in 2 years at a discount rate of 3%.

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