resent and future values for different interest rates Find the following values. Compounding/discounting occurs annually. Round your answers to the nearest cent. An initial $200 compounded for 10 years at 5%. $ An initial $200 compounded for 10 years at 10%. $ The present value of $200 due in 10 year at a discount rate of 5%. $ The present value of $2,985 due in 10 years at 10%. $ The present value of $2,985 due in 10 years at 5%. $ Define present value. 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. 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. 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. 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. 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