Problem 5-5 (similar to) (Present value) What is the present value of the following future amounts? a. $900 to be received 9 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. $1,200 to be received 11 years from now discounted back to the present at 3 percent d. 51,050 to be received 5 years from now discounted back to the present at 19 percent a. What is the present value of $900 to be received 9 years from now discounted back to the present at 9 percent? $ 414 39 (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? $ 218 81 (Round to the nearest cent.) c. What is the present value of $1,200 to be received 11 years from now discounted back to the present at 3 percent? 1. (Round to the nearest cent.)