Question list Question 3 Question 4 Question 5 Question 6 Question 7 Question 8 Question 9 Present value concept Answer each of the following questions. a. How much money would you have to invest today to accumulate $5,700 after 6 years if the rate of return on your investment is 6% ? b. What is the present value of $5,700 that you will receive after 6 years if the discount rate is 6% ? c. What is the most you would spend today for an investment that will pay $5,700 in 6 years if your opportunity cost is 6% ? d. Compare, contrast, and discuss your findings in part a through c. a. A single investment made today, earning 6% annual interest, worth $5,700 at the end of 6 years is $ (Round to the nearest cent.) b. The present value of $5,700 to be received at the end of 6 years, if the discount rate is 6%, is $ (Round to the nearest cent.) c. The most you would spend today for an investment that will pay $5,700 in 6 years if your opportunity cost is 6% 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 $4,018.28. B. In all three cases, the answer is $4,018.28. In part a, it is Present value concept Answer each of the following questions. a. How much money would you have to invest today to accumulate $5,700 after 6 years if the rate of return on your investment is 6% ? b. What is the present value of $5,700 that you will receive after 6 years if the discount rate is 6% ? c. What is the most you would spend today for an investment that will pay $5,700 in 6 years if your opportunity cost is 6% ? d. Compare, contrast, and discuss your findings in part a through c. 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 $4,018.28. B. In all three cases, the answer is $4,018.28. 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. C. In parts a and c, $5,700 is the future value, FV. In part b, $5,700 is the present value, PV. Therefore, parts a and c have the same answer, while part b has a different answer. D. The annual interest rate is also called the discount rate or the opportunity cost