5-10 present and future values for different interest rates find the following values. compounding/discounting occurs annually. a. an initial $500 compounded for 10 years at 6% b. an initial $500 compounded for 10 years at 12% c. the present value of $500 due in 10 years at 6% d. the present value of $1,552.90 due in 10 years at 12% and at 6% e. define present value and illustrate it using a time line with data from part d. how are present values affected by interest rates?
