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Find the following values. Compounding/discounting occurs annually. Do not round intermediate calculations. Round your answers to the nearest cent. a. An initial $600 compounded for 10 years at 3%. $ D. An initial $600 compounded for 10 years at 6%. 5 c. The present value of $600 due in 10 vears at 3%. 5 d. The present value of $2,550 due in 10 years at 6% and 3%. Present value at 6% : 5 Present value at 3% is c. Define present value. 1. The present value is the value today of a sum of meney to be received in the future and in general is less than the futurs value. 11. The present value is the value tosay of a sum of money to be received in the future and in peneral is oreater than the hare value. 111. The present value is the value teday of a sum of money to be received in the future and in general is equal to the future value: N. The present value is the value in the future of a sum ct money to be received today and in general is less than the future value. V. The present value is the value in the Aiture 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