An investor has asked for your help with the following time value of money applications. Table 6-4. Note: Use appropriate factor(s) from the tables provided. Round the PV factors to 4 decimals. Required: a. What is the present value of $55,000 to be received in ten years using a discount rate of 12%? Note: Round your answer to 1 decimal place. b. How much should be invested today at a return on investment of 12% compounded annually to have $55,000 in ten years? Note: Round your answer to 1 decimal place. c. If the return on investment was greater than 12% compounded annually, would the amount to be invested today to have $55,000 in ten years be more or less than the answer to part b? Table 6-4: Factors for Calculating the Present Value of \$1