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 $800 compounded for 1 year at 10%.
$ __________
An initial $800 compounded for 2 years at 10%.
$ __________
The present value of $800 due in 1 year at a discount rate of 10%.
$ __________
The present value of $800 due in 2 years at a discount rate of 10%.
$ __________
