A) The value Jim should place on this opportunity today is $ (blank) (Round to the nearest cent.)

B) The most he should pay to purchase this payment today is (blank) (Round to the nearest cent.)

C) If Jim pays less than (answer from part a) for the investment, his rate of return will be (less than, greater than, or equal) the opportunity cost of 9% (Select one of the following: less than, greater than, equal)

Time value Personal Finance Problem Jim Nance has been offered an investment that will pay him $380 three years from today. a. If his opportunity cost is 8% compounded annually, what value should he place on this opportunity today? b. What is the most he should pay to purchase this payment today? c. If Jim can purchase this investment for less than the amount calculated in part (a), what does that imply about the rate of return that he will earn on the investment