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 $500 compounded for 1 year at 9%.$ An initial $500 compounded for 2 years at 9%.$ The present value of $500 due in 1 year at a discount rate of 9%.$ The present value of $500 due in 2 years at a discount rate of 9%.$

1. Calculation of future value: Answer: Future value amount is $545 Calculation of future value:

Answered: Find the following values using the…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 6MC: You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years....

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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 $500 compounded for 1 year at 9%.

$
An initial $500 compounded for 2 years at 9%.

$
The present value of $500 due in 1 year at a discount rate of 9%.

$
The present value of $500 due in 2 years at a discount rate of 9%.

$

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