(Present value) What is the present value of the following future amounts? a. $700 to be received 10 years from now discounted back to the present at 9 percent. b. $400 to be received 7 years from now discounted back to the present at 9 percent. c. $1,050 to be received 13 years from now discounted back to the present at 4 percent. d. $1,050 to be received 5 years from now discounted back to the present at 18 percent. a. What is the present value of $700 to be received 10 years from now discounted back to the present at 9 percent? (Round to the nearest cent.) b. What is the present value of $400 to be received 7 years from now discounted back to the present at 9 percent? (Round to the nearest cent.) c. What is the present value of $1,050 to be received 13 years from now discounted back to the present at 4 percent? $ (Round to the nearest cent.) d. What is the present value of $1,050 to be received 5 years from now discounted back to the present at 18 percent? $ (Round to the nearest cent.)