(Present value) What is the present value of the following future amounts? a. $700 to be received 9 years from now discounted back to the present at 10 percent b. $400 to be received 7 years from now discounted back to the present at 9 percent c. $1,200 to be received 12 years from now discounted back to the present at 4 percent d. $1,200 to be received 4 years from now discounted back to the present at 19 percent a. What is the present value of $700 to be received 9 years from now discounted back to the present at 10 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 $1,200 to be received 12 years from now discounted back to the present at 4 percent? $ (Round to the nearest cent.) d. What is the present value of $1,200 to be received 4 years from now discounted back to the present at 19 percent? $ (Round to the nearest cent.)