(b) The future value of $1,200 saved each year for 10 years at 6 percent. (Round time value factor to 3 decimal places and final answer to 2 decimal places.) Future value (c) The amount a person would have to deposit today (present value) at an Interest rate of 6 percent to have $1,200 five years from now. (Round time value factor to 3 decimal places and final answer to 2 decimal places.) Present value (d) The amount a person would have to deposit today to be able to take out $700 a year for 8 years from an account earning 8 percent. (Round time value factor to 3 decimal places and final answer to 2 decimal places.) Present value