Find the following values. Compounding/discounting occurs annually. Do not round intermediate calculations. Round your answers to the nearest cent. 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 $1,490 due in 10 years at 14% and 7%. Present value at 14%: $ Present value at 7%: $ e. Define present value. I. 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. 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-

Find the following values. Compounding/discounting occurs annually. Do not round intermediate calculations. Round your answers to the nearest cent. a. An initial 5800 compounded for 10 years at 7%. 5 b. An initial $800 compounded for 10 years at 14%. 5 c. The present vaiue of $800 due in 10 years at 7%. 5 d. The present value of $1,490 dve in 10 years at 14% and 7%. Present value at 14% : 5 Present value at 7%6:5 e. Define present vake. 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. If. 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 recelved 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 monev to be-recelved today and in general is less than the future value. . The present walue is the value in the future of a sum of money to be received today and in general is greater than the future value. How are present values affected by interest rates? Find the following values. Compounding/discounting occurs annually. Do not round intermedi 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 $1,490 due in 10 years at 14% and 7%. Present value at 14%:$ Present value at 7%:$ e. Define present value. I. The present value is the value today of a sum of money to be received in the future II. The present value is the value today of a sum of money to be received in the future III. The present value is the value today of a sum of money to be received in the future IV. The present value is the value in the future of a sum of money to be received today v. The present value is the value in the future of a sum of money to be received today How are present values affected by interest rates