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:

What is the present value of $$50,000$ to be received in five years using a discount rate of $8\%?$

How much should be invested today at a return on investment of $8\%$ compounded annually to have $$50,000$ in five years?

If the return on investment was greater than $8\%$ compounded annually, would the amount to be invested today to have $$50,000$ in five years be more or less than the answer to part b$?$