...for the first two answers a/b.? Find the following values. Compounding/discounts occurs annually.
a. An initial $500 compounded for 10 yrs at 6%
b. An initial $500 compounded for 10 yrs at 12%
c. The pv of $500 due in 10 yrs at 6%
d. The pv of $1,552.90 due in 10 yrs at 12% and at 6%
e. Define pv and illustrate it using a time line w/data from Part d. How are pvs affected be interest rates?