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Use both the TVM equations and a financial calculator to find the following values ( Hint : If you are using a financial calculator ,

Use both the TVM equations and a financial calculator to find the following values ( Hint : If you are using a financial calculator , you can enter the known values and then press the appropriate to find the unknown variable . Then , without clearing the TVM register , you can override the variable that changes by simply entering a new value for it and then pressing the key for the variable to obtain the second answer This procedure can be used in parts b and d , and in many other situations , to see how changes in input variables affect the output variable round intermediate calculations Round your answers to the nearest cent An initial $ 700 compounded for 10 years at 7 b . An initial $ 700 compounded for 10 years at 14% The present value of $ 700 due in 10 years at a 7% discount rate The present value of $ 700 due in 10 years at a 14% discount rate

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