Time value$$Personal Finance Problem$$Jim Nance has been offered an investment that will pay him $$$$720$ three years from today.

a$.$If his opportunity cost is $11\%$ compounded$$ annually, what value should he place on this opportunity$$ today?$$

b$.$What is the most he should pay to purchase this payment$$ today?

c$.$ If Jim can purchase this investment for less than the amount calculated in part $($a$),$ what does that imply about the rate of return that he will earn on the$$ investment?