Present value concept Answer each of the following questions.

a. How much money would you have to invest today to accumulate $6,000 after

6 years if the rate of return on your investment is 12%?

b. What is the present value of $6,000 that you will receive after 6 years if the discount

rate is 12%?

c. What is the most you would spend today for an investment that will pay $6,000

in 6 years if your opportunity cost is 12%?

d. Compare, contrast, and discuss your findings in parts a through c.