PRESENT AND FUTURE VALUES FOR DIFFERENT INTEREST RATES Find the following vakies. Compoundng/discounting occurs annualy. Round your answers to the nearest cent a. An initial $300 compounded for 10 years at 5%. b. An nitial $300 compounded for 10 years at 10%. c. The present va d, The present value of $1,545 due n 10 years at 10%. e. The present value of $1,545 due in 10 years at S%. Define present value. L The present value is the value today of a sum of money to be received n the future and n general is less than the future value. The present value is the value today of a sum of money to be received n the future and n generals greater than the future vabe. m. The present vakes the valuer today of a sum of money to be received in the future and in generalis 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. Select. | How are present values affected by interest rates? Select