Present value concept Answer each of the following questions. a. How much money would you have to invest today to accumulate $3,700 after 11 years if the rate of return on your investment is 12% ? b. What is the present value of $3,700 that you will receive after 11 years if the discount rate is 12% ? c. What would you be willing to spend today for an investment that will pay $3,700 in 11 years if your opportunity cost is 12% ? If you could buy the investment for less than that, what would that imply about your rate of return? d. Compare, contrast, and discuss your findings in part a through c