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Answer to Question #3120 in Finance for diane
Question #3120
Find the following values using the equation and then a financial calculator. Compounding/discounting occurs annually. A. An initial$ 500 for 1yr @6%
b. An initial $500 compounded for 2yrs @6%
C. The present value of $500 due in 1yr @ a discount rate of 6%
D. The present value of$ 500 due in 2yrs @ a discount rate of 6%
b. An initial $500 compounded for 2yrs @6%
C. The present value of $500 due in 1yr @ a discount rate of 6%
D. The present value of$ 500 due in 2yrs @ a discount rate of 6%
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