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# Use both the Time Value of Money equations and a financial calculator to find the following values. An initial \$500 compounded for 10 years at 6% B.

Use both the Time Value of Money equations and a financial calculator to find the following values.

A. An initial \$500 compounded for 10 years at 6%

B. An initial \$500 compounded for 10 years at 12%

C. The present value of \$500 due in 10 years at a 6% discount rate.

D. The present value of \$500 due in 10 years at a 12% discount rate.

SOLUTION:
Using Time Value of Money Equations:
Future Value = Present Value * (1 + r)^n
A. Future Value = \$500 * (1 + 6%)^10
Future Value B. Future Value = \$500 * (1 + 12%)^10
Future Value C....

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