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Present value conceptAnswer each of the following questions. a.What single investment made today, earning 15%...

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Accounting

Present value conceptAnswer each of the following questions.

a.What single investment made today, earning 15% annual interest, will be worth $5,900 at the end of 6 years?

b.What is the present value of $5,900 to be received at the end of 6 years if the discount rate is 15%?

c.What is the most you would pay today for a promise to repay you $5,900 at the end of 6 years if your opportunity cost is 15%?

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

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