Suppose you receive $400 at the end of each year for the next three years. a. If the interest rate is 7%, what is the present value of these cash flows? b. What is the future value in three years of the present value you computed in (a)? ... a. The present value of the cash flow is $ (Round to the nearest cent.) b. The future value of the cash flow is $ (Round to the nearest cent.) c. The balance of the account after the end of year 1 is $ The balance of the account after the end of year 2 is $ The balance of the account after the end of year 3 is $ (Round to the nearest cent.) The answers to parts (b) and (c) are the same.