Find the following values. Compounding$/$discounting occurs annually. Do not round intermediate calculations.

Round your answers to the nearest cent.

a$.$ An initial $$600$ compounded for $10$ years at $5\%.$

b$.$ An initial $$600$ compounded for $10$ years at $10\%.$

$

c$.$ The present value of $$600$ due in $10$ years at $5\%.$

$

d$.$ The present value of $$2,455$ due in $10$ years at $10\%$ and $5\%.$

Present value at $10\%$:$

Present value at $5\%$:$

e$.$ 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.

II$.$ The present value is the value today of a sum of rifoney 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.

How are present values affected by interest rates?

$-$Select$-$