Find the following values. Compounding/discounting occurs annually. Do not round intermediate calculations. Round your answers to the nearest cent. a. An initial $700 compounded for 10 years at 6% $ b. An initial $700 compounded for 10 years at 12% $ c. The present value of $700 due in 10 years at 6%. $ d. The present value of $2,280 due in 10 years at 12% and 6%. Present value at 12%:$ Present value at 6:5 ry e. Define present value 1. 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 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. III. 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 general is greater than the Future value Select How are present values affected by interest rates? Select CUCI