You want to by a cas, and a local bank wallend you 435,000 . The bas will be fully anertived ever 5 years (60 months), and the nominal isterest rate wil be 5% with interest paid monehly. What will be Morthiy loan paymeme 8 ind the following values. Compounding/discounting occurs annually. Do not round intermediate calculations. Round your answers to the nearest cent: An initital $800 compounded for 10 years at 8%. b. An initial $800 compounded for 10 years at 16%. c. The present value of $800 due in 10 years at 8%. d. The present value of $1,875 due in 10 years at 16% and 8%. Present value of 16\%: 3 Present value at 8%:5 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. 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 prestnt 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 faure value., How are present values affected by interest rates