Present value concept Answer each of the following questions. a. How much money would you have to invest today to accumulate $5,500 after 9 years if the rate of return on your investment is 7%? b. What is the present value of $5,500 that you will receive after 9 years if the discount rate is 7%? c. What is the most you would spend today for an investment that will pay $5,500 in 9 years if your opportunity cost is 7% d. Compwe, contrast, and discuss your findings in part a through c. a. A single investment made today, eaming 7% annual interest, worth $5,500 at the end of 9 years is $ (Round to the nearest cent.) b. The present value of $5,500 to be received at the end of 9 years, if the discount rate is 7%, is $. (Round to the nearest cent.) c. The most you would spend today for an investment that will pay $5,500 in 9 years if your opportunity cost is 7% is $ (Round to the nearest cont.) d. Comparo, contrast, and discuss your findings in part a through c (Select al answers that apply) A. In parts a and c, 55,500 is the future value, FV. In part b. $5,500 is the present value, PV. Therefore,parts a and chave the same answer while part b has a different answer B. In all three cases, the answer is $2,991 64. 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