Present value concept Answer each of the following questions. a. How much money would you have to invest today to accumulate $5,500 after 11 years if the rate of return on your investment is 14%? b. What is the present value of $5,500 that you will receive after 11 years if the discount rate is 14%? c. What is the most you would spend today for an investment that will pay $6,500 in 11 years if your opportunity cost is 14%? d. Compare, contrast, and discuss your findings in part a through c. a. A single investment made today, earning 14% annual interest, worth $5,500 at the end of 11 years is $ (Round to the nearest cent.) b. The present value of $5,500 to be received at the end of 11 years, if the discount rate is 14%, is $ . (Round to the nearest cont.) c. The most you would spend today for an investment that will pay $5,500 in 11 years if your opportunity cost is 14% is (Round to the nearest cent.) d. Compare, contrast, and discuss your findings in part a. through c. (Select all answers that apply) A. In all three cases, you are solving for the present value, PV, which is $1,301 40 B. In all three cases, the answer is $1,301.40. In part a, it is the payment, PMT. In part b, it is the present value, PV. In parte, it is the future value, FV. C. In parts a ando, $5,500 is the future value, FV. In part b, $6,500 is the present value, PV. Therefore, parts a and have the same answer, while part b has a different answer. D. The annual interest rate is also called the discount rate or the opportunity cost. Click to select your answers)