PRESENT AND FUTURE VALUES FOR DIFFERENT INTEREST RATES Find the following values. Compounding/discounting occurs annually. Round your answers to the nearest cent. a. An initial $500 compounded for 10 years at 10%. b. An initial $500 compounded for 10 years at 20%. C. The present value of $500 due in 10 year at 10%. d. The present value of $1,780 due in 10 years at 20%. e. The present value of $1,780 due in 10 years at 10%. 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. 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