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Part $1$

Present value concept$$Answer each of the following questions.

a$.$ How much money would you have to invest today to accumulate $$$$6$ comma $000$ after $6$ years if the rate of return on your investment is$12\%?$

b$.$ What is the present value of $$$$6$ comma $000$ that you will receive after $6$ years if the discount rate is $12\%?$

c$.$ What would you be willing to spend today for an investment that will pay $$$$6$ comma $000$ in $6$ years if your opportunity cost is

$12\%?$ If you could buy the investment for less than$$ that, what would that imply about your rate of$$ return?

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