a.Amount = $400
Future Value = 400*(1.075)^{10} = $824.41
b.Future Value = 400(1.15)^{10} = $1,618.22
c.Present Value = 400/(1.075)^{10} = $194.08
d.Present Value = 400/(1.15)^{10} = $98.87
Present and Future Values of Single Cash Flows for Different Interest Rates Use both the TVM equations and a financial calculator to find the following values. Round your answers to the nearest cent....