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 $600 compounded for 1 year at 5%.
2. $
3. An initial $600 compounded for 2 years at 5%.
4. $
5. The present value of $600 due in 1 year at a discount rate of 5%.
6. $
7. The present value of $600 due in 2 years at a discount rate of 5%.
8. $