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Find the following values. Compounding/discounting occurs annually. Do not round Intermediate calculations. Round your answers to the nearest cent. a. An initial $300 compounded for 10 years at 4%. $ b. An initial $300 compounded for 10 years at 8%. $ c. The present value of $300 due in 10 years at 4%. $ d. The present value of $1,280 due in 10 years at 8% and 4%. Present value at 8%:$ Present value at 4%: $ 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- Assuming poove interest rates the procent value will increases the interest rate increases Assumingos tive interest rates, the present value wil decreases the interest rate increases Assuming positive restres, the present value wil decreases the interest rate decreases Asuming pointstrates the present value will not change as the interest rate increases Agoste interest rates the rest value will not change as the interest rate decreases