Find the following values. Compounding/discounting occurs annually. Do not round intermediate calculations. Round your answers to the nearest cent. a. An initial $600 compounded for 10 years at 7%. $ b. An initial $600 compounded for 10 years at 14%. $ c. The present value of $600 due in 10 years at 7%. $ d. The present value of $2,005 due in 10 years at 14% and 7%. Present value at 14%:$ Present value at 7\%: $ 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 III. The present value is the value today of a sum of money to be received in the future and in general is to the future IV. The present value is the value in the future of a sum of money to be received today in 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 How are present values affected by interest rates