Find the following values. Compounding discounting occurs annually. Round your answer 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 year at 4% d. The present value of $1, 040 due in 10 years at 8% e. The present value of $1, 040 due in 10 years at 4% Define present value. The present value is the value today of sum of money to be received in the future and in general is less than the future value. The present value is the value today of sum of money to be received in the future and in general is greater than the future value. The present value is the value today of sum of money to be received in the future and in general is equal to the future value. The present value is the value today of sum of money to be received in the today and in general is less than the future value. The present value is the value today of sum of money to be received in the today and in general is greater than the future value