Question

20)Your uncle offers you a choice of $111,000 in 10 years or $50,000 today. Use Appendix B as an approximate answer, but calculate your final answer using the formula and financial calculator methods.  
 a-1.If money is discounted at 9 percent, what is the present value of the $111,000? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)  
   Present value$     
 a-2.Which offer should you choose?   $111,000 after 10 years$50,000 today

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