Present and future values for different periods

Find the following values using the equations and then a financial calculator. Compounding/discounting occurs annually. Round your answers to the nearest cent.

An initial $700 compounded for 1 year at 6%.

$

An initial $700 compounded for 2 years at 6%.

$

The present value of $700 due in 1 year at a discount rate of 6%.

$

The present value of $700 due in 2 years at a discount rate of 6%.

$