Find the following values using the equations and then a financial calculator. Compounding/discounting occurs annually. Round your answers to the nearest cent.
A. An initial $400 compounded for 1 year at 7%.
$ ________
B. An initial $400 compounded for 2 years at 7%.
$ ________
C. The present value of $400 due in 1 year at a discount rate of 7%.
$ ________
D. The present value of $400 due in 2 years at a discount rate of 7%.
$ ________