An investor has asked for your help with the following time value of money applications. Table 6-4. (Use appropriate factor(s) from the tables provided. Round the PV factors to 4 decimals.) Required: a. What is the present value of $65,000 to be received in five years using a discount rate of 12%? b. How much should be invested today at a return on investment of 12% compounded annually to have $65,000 in five years?