Find the following values. Compounding/discounting occurs annually. Do not round intermediate calculations. Round your answers to the nearest cen a. An initial $400 compounded for 10 years at 4%. b. An initial $400 compounded for 10 years at 8%. c. The present value of $400 due in 10 years at 4%. d. The present value of $2,115 due in 10 years at 8% and 4%. Present value at 8%:$ Present value at 4%:$ 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 money to be received in the future and in general is equal to 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 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