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%.
$