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PRESENT AND FUTURE VALUES FOR DIFFERENT INTEREST RATES Find the following values. Compounding/discounting occurs annually. Round your answers to the nearest cent. a. An initial $400 compounded for 10 years at 8%. b. An initial $400 compounded for 10 years at 16%. C. The present value of $400 due in 10 year at 8%. d. The present value of $2,725 due in 10 years at 16%. e. The present value of $2,725 due in 10 years at 8%. Define present value. 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 It. 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. Il1. 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 peneral 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 peneral is greater than the future value