Find the following values. Compounding/discounting occurs annually. Do not round intermediate calculationis. Round your answers to the nearest cent. a. An initlal $700 compounded for 10 years at 5%. 5 b. An initial $700 compounded for 10 years at 10%. 5 c. The present value of $700 due in 10 years at 5%. 5 d. The present value of $2,160 due in 10 years at 10% and 5%. Present value at 10%:5 Present value at 5% e. Define present value. 1. The present value is the value today of a sum of money to be recelved in the future and ar 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. ti1. 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. T.. 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 recelved today and in general is greater than the future value, How are present values affected by interest rates