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 8%. b. An initial $800 compounded for 10 years at 16%. c. The present value of $800 due in 10 years at 8%. 5 d. The present value of $1,875 due in 10 years at 16% and 8%. Present value at 16%:$ Present value at 8\%: 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 in general is less than the future value. ii. The present value is the value today of a sum of money to be recelved 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. How are present values affected by interest rates