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 8%. $ b. An initial $500 compounded for 10 years at 16%. $ ta $ c. The present value of $500 due in 10 year at 8%. ta $ d. The present value of $1,900 due in 10 years at 16%. $ e. The present value of $1,900 due in 10 years at 8%. $ 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. 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