Time value: Personal Finance Problem: Jim Nance has been offered an investment that will pay him $$$$600$ three years from today.

a$.$ If his opportunity cost is $9\%$ 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?

The value Jim should place on this opportunity today is $$$