Find the following values; Compounding/discounting occurs annualiy, Do not round intermediate calculations. Round your answers to the nearest cent. a. An initial $600 compounded for 10 years at 6%. 5 b. An initial $600 compounded for 10 years at 12% 8 c. The present value of $600 due in 10 years at 6%. 5 d. The present value of $2,170 due in 10 years at 12% and 6%. Present value at 120s: 1 Present value at 6%:$ e. Define present value. 1. The present value is the value today of a sum of money to be recelved in the future and in general is less than the future value. 11. The present value is the value today of a sum of money to be received in the future ind in general is greater than the future value. 1ii. The present value is the value todoy of a sum of money to be recelved 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 recelved 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 valves affected by interest rates