2-9 Present and future values for different periods find the following values, using the equations and then a financial calculator. Compounding/discounting occurs annually.
an initial $500 compounded for 1 years at 6%
an initial $500 compounded for 2 years at 6%
the present value of $500 due in 1 year at a discount rate of 6%
the present value of $500 due in 2 years at a discount rate of 6% |