Present value conceptAnswer each of the following questions.

A.What single investment made today, earning 8% annual interest, will be worth $5,300 at the end of

3years?

B.What is the present value of $5,300 to be received at the end of 3years if the discount rate is

8%?

C.What is the most you would pay today for a promise to repay you $5,300 at the end of 3years if your opportunity cost is 8%?

D. Compare, contrast, and discuss your findings in part a through c.

a.A single investment made today, earning 8% annual interest, worth $5,300at the end of

3years is$_____(Round to the nearest cent.)