Calculate the following.\ a. The present value of

$700

to be received 7 years from now, using a discount rate of

12%

.\ b. The present value of the following end-of-year income streams, using a discount rate of

7%

and assuming it is now the beginning of 2020 .\ a. The present value of the future sum in part (a) is

$

(Round to the nearest cent.)

Calculate the following. a. The present value of $700 to be received 7 years from now, using a discount rate of 12%. b. The present value of the following end-of-year income streams, using a discount rate of 7% and assuming it is now the beginning of 2020 . a. The present value of the future sum in part (a) is $ (Round to the nearest cent.)