Find the following valves, 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 3%. s b. An initial $700 compounded for 10 years at 6%. s c. The present value of $700 due in 10 years at 3%. 5 d. The present value of 52,630 due in 10 years at 6% and 3%. Present value at 6% is 5 Present value at 34s: 8 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 meney to be received today and in general is greater than the future value. How are present values affected by interest rates