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 ,300to 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 ,300at 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 $5,300

at the end of 3years is____ Round to the nearest cent.)