Question: Present value concept Answer each of the following questions.

1. What single investment made today, earning \(12 \%\) annual interest, will be worth $6,000 at the end of 6 years?
2. What is the present value of $6,000 to be received at the end of 6 years if the discount rate is \(12 \%\) ?
3. What is the most you would pay today for a promise to repay you $6,000 at the end of 6 years if your opportunity cost is \(12 \%\) ?
4. Compare, contrast, and discuss your findings in parts a through c.

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