Find the following 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 7%. $ b. An initial $400 compounded for 10 years at 14%. c. The present value of $400 due in 10 years at 7%. $ d. The present value of $1,320 due in 10 years at 14% and 7%. Present value at 14%; Present value at 7%:$ e. Define present value. 1. The present value is the value todoy of a sum of money to be received 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 and in general is greater than the future value. 11. 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 generat is greater than the future value. How are present values affocted by interest rates