Present and future values for different periods

Find the following valuesusing the equationsand then a financial calculator. Compounding/discounting occurs annually. Do not round intermediate calculations. Round your answers to the nearest cent.

1. An initial $500 compounded for 1 year at 6%.$
2. An initial $500 compounded for 2 years at 6%.$
3. The present value of $500 due in 1 year at a discount rate of 6%.$
4. The present value of $500 due in 2 years at a discount rate of 6%.$