Find the following values. Compounding/discounting occurs annually. Do not round intermediate calculations. Round your answers to the nearest cent. a. An initial $500 compounded for 10 years at 6%. S b. An initial $500 compounded for 10 years at 12%. S c. The present value of $500 due in 10 years at 6% 3 d. The present value of $2,825 due in 10 years at 12% and 6%. Present value at 12%: s Present value at 0%:$ 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. How are present values affected by interest rates