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 3%.

$

b. An initial $800 compounded for 10 years at 6%.

$

c. The present value of $800 due in 10 years at 3%.

$

d. The present value of $1,760 due in 10 years at 6% and 3%.

Present value at 6%: $

Present value at 3%: $

e. Define present value.