a. An initial $800 compounded for 10 years at 7%. $ b. An initial $800 compounded for 10 years at 14%. $ c. The present value of $800 due in 10 years at 7%. $ d. The present value of $2,935 due in 10 years at 14% and 7%. Present value at 14%$ Present value at 7%: 5 e. Define present value 1. The present value is the value today of a sum of money to be received in the future and in general is less than the future value 11. The present value is the value today of a sum of money to be received in the future and in general is greater than the future value. III. The present value is the value today of a sum of money to be received in the future and in general is equal to the future value. IV. The present value is the value in the future of a sum of money to be received today and in general is less than the future value. V. The present value is the value in the future of a sum of money to be received today and in general is greater than the future value. Select How are present values affected by interest rates? Select