Values. Compounding/discounting occurs annually. Do not round intermediate calculations. Round your answers to the nearest cent. a. An initial $400 compounded for 10 years at 9% $ b. An initial $400 compounded for 10 years at 18%. $ c. The present value of $400 due in 10 years at 9%. $ d. The present value of $2,920 due in 10 years at 18% and 9%. Present value at 18%:$ Present value at 9%:$ 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 valut 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 a How are present values affected by interest rates? Find the future values of these ordinary annuities. Compounding occurs once a year. Do not round intermediate calculations. Round your answers to the nearest cent a $300 per year for 12 years at 4%. $ B. $150 per year for 6 years at 2% $ c. $700 per year for 6 years at 0% $ d. Rework parts a, b, and c assuming they are annuities due Future value of $300 per year for 12 years at 4%:$ Future value of $150 per year for 6 years at 2%:$ Future value of $700 per year for 6 years at 0875 6