Present value concept Answer each of the following questions. a. How much money would you have to invest today to accumulate $3,500 after 3 years if the rate of return on your investment is 7% ? b. What is the present value of $3,500 that you will receive after 3 years if the discount rate is 7% ? c. What is the most you would spend today for an investment that will pay $3,500 in 3 years if your opportunity cost is 7% ? d. Compare, contrast, and discuss your findings in part a through c. a. A single investment made today, earning 7% annual interest, worth $3,500 at the end of 3 years is $ (Round to the nearest cent.)