please show all work and not excel !

D eBook Find the following values. Compounding/discounting occurs annually. Do not round intermediate calculations. Round your answers to the nearest cent. a. An initial $300 compounded for 10 years at 4% $ b. An initial $300 compounded for 10 years at 8%. $ c. The present value of $300 due in 10 years at 4%. $ d. The present value of $2,485 due in 10 years at 8% and 4%. Present value at 8%: $ Present value at 4%: $ e. 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. 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. 1 How are present values affected by interest rates? Assuming positive interest rates, the present value will decrease as the interest rate increases. 5