Zelda didn't transport him back to the present, she transported him back to the temple. He put the sword back and looks at it while young (because he put the sword back in) and then walks away. She played the ocarina for him to be teleported back to the temple. The Ocarina didn't have the power to speed time up by 7 years (only 3 days forward and backward according to MM) or else the emblems would not have been needed in order to go in 7 years with the master sword.
3:05 ocarina/8:55: back to the temple: http://www.youtube.com/watch?v=ge8zd1ZR-hc
She instructed him to go back to where he was supposed to be and she teleported him to the temple for him to put the sword back in himself.
How he had the ocarina in the first place in MM in the beginning doesn't make sense when he gave it to Zelda in the future in OoT.
3:05 ocarina/8:55: back to the temple: http://www.youtube.com/watch?v=ge8zd1ZR-hc
She instructed him to go back to where he was supposed to be and she teleported him to the temple for him to put the sword back in himself.
How he had the ocarina in the first place in MM in the beginning doesn't make sense when he gave it to Zelda in the future in OoT.
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