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e. The present value of $2,975 due in 10 years at 7%. f. Define present value. I. The present value is the value today of

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e. The present value of $2,975 due in 10 years at 7%. f. Define present value. I. 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. -Select- g. How are present values affected by interest rates? -Select

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