Problem 5-5 (similar to) (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 9 percent b. $200 to be received 7 years from now discounted back to the present at 8 percent c. $1,050 to be received 11 years from now discounted back to the present at 3 percent d. $1,250 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 9 percent? $(Round to the nearest cent.) S