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

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Accounting

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An investor has asked for your help with the following time value of money applications. Table 64. Note: Use appropriate factor(s) from the tables provided. Round the PV factors to 4 decimals. Required: a. What is the present value of $61,000 to be recelved in eight years using a discount rate of 10% ? Note: Round your answer to 1 decimal place. b. How much should be invested today at a return on investment of 10% compounded annually to have $61,000 in eight years? Note: Round your answer to 1 decimal place. c. If the return on investment was greater than 10% compounded annually, would the amount to be invested today to have $61,000 in eight years be more or less than the answer to part b

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