Question: Please show work. Parts a and b. 3. (Present value and time) An investment promises to return $20,000 in 1 year while a second investment

 Please show work. Parts a and b. 3. (Present value andPlease show work. Parts a and b.

3. (Present value and time) An investment promises to return $20,000 in 1 year while a second investment promises to return $186,350 in 30 years. Investors require an 8% rate of return from both investments. a. What is the present value of each investment? b. What happens to the present value of each investment if the required rate of return rises to 10%

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