Present value concept Answer each of the following questions. a. How much money would you have to invest today to accumulate $4,000 after 5 years if the rate of return on your investment is 14%? b. What is the present value of $4,000 that you will receive after 5 years if the discount rate is 14%? c. What would you be willing to spend today for an investment that will pay $4,000 in 5 years if your opportunity cost is 14%? 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. a. A single investment made today, earning 14% annual interest, worth $4,000 at the end of 5 years is $ (Round to the nearest cent.)