An investor has asked for your help with the following time value of money applications. Table...

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An investor has asked for your help with the following time value of money applications. Table 6-4. Note: Use appropriate factor(s) from the tables provided. Round the PV factors to 4 decimals. Required: a. What is the present value of $74,000 to be received in eight years using a discount rate of 18%? Note: Round your answer to 1 decimal place. b. How much should be invested today at a return on investment of 18% compounded annually to have $74,000 in eight years? Note: Round your answer to 1 decimal place. c. If the return on investment was greater than 18% compounded annually, would the amount to be invested today to have $74,000 in eight years be more or less than the answer to part b? a. Present value b. Amount to be invested c. Amount invested today in eight years it will be An investor has asked for your help with the following time value of money applications. Table 6-4. Note: Use appropriate factor(s) from the tables provided. Round the PV factors to 4 decimals. Required: a. What is the present value of $74,000 to be received in eight years using a discount rate of 18%? Note: Round your answer to 1 decimal place. b. How much should be invested today at a return on investment of 18% compounded annually to have $74,000 in eight years? Note: Round your answer to 1 decimal place. c. If the return on investment was greater than 18% compounded annually, would the amount to be invested today to have $74,000 in eight years be more or less than the answer to part b? a. Present value b. Amount to be invested c. Amount invested today in eight years it will be