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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

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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 part a through c. a. A single investment made today, earning 12% annual interest, worth $6,000 at the end of 6 years is (Round to the nearest cent.) b. The present value of $6,000 to be received at the end of 6 years, if the discount rate is 12%, is $ (Round to the nearest cent.) c. The most you would spend today for an investment that will pay $6,000 in 6 years if your opportunity cost is 12% 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 $3,039.79. B. The annual interest rate is also called the discount rate or the opportunity cost. In all three racec the anewer is 2 020 70 In nart a it ie the navment PMT In nart h it is the 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 $3,039.79. B. The annual interest rate is also called the discount rate or the opportunity cost. C. In all three cases, the answer is $3,039.79. In part a, it is the payment, PMT. In part b, it is the present value, PV. In part c, it is the future value, FV. D. In parts a and c, $6,000 is the future value, FV. In part b, $6,000 is the present value, PV. Therefore, parts a and c have the same answer, while part b has a different

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