eBook Find the following values, Compounding/discounting occurs annually. Do not round Intermediate calculations. Round your answers to the nearest cent 3. An initial $300 compounded for 10 years at 10%. $ b. An initiat 5300 compounded for 10 years at 20% $ c. The present value of $300 due in 10 years at 10% $ ory d. The present value of $2,815 due in 10 years at 20% and 10% Present value at 20%:$ Present value at 10%:$ e Define present value 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 II. 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 TIL. 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 Sect How are present values affected by interest rates