Present and future values for different interest rates

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Present and future values for different interest rates

Find the following values. Compounding/discounting occurs annually. Round your answers to the nearest cent.

An initial $700 compounded for 10 years at 8%.

An initial $700 compounded for 10 years at 16%.

The present value of $700 due in 10 year at a discount rate of 8%.

The present value of $2,715 due in 10 years at 16%.

The present value of $2,715 due in 10 years at 8%.

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Reference no: EM13767605

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