Connect Problem CP $16-07($algo$)$

Suppose that you have $$14,000$ to invest and you are trying to decide between investing in project A or project $B.$ If you invest in

project $A,$ you will receive a payment of $$16,500$ at the end of $2$ years. If you invest in project $B,$ you will receive a payment of $$25,000$

at the end of $11$ years. The annual interest rate is $5$ percent and both projects carry no risk.

Instructions: Round your answers to the nearest dollar. Do not round your intermediate calculations.

a$.$ What is the present value of each project? Enter your answers in the table below.

b$.$ Which project will you choose for your investment?

Project A

Project BSuppose that you have $$14,000$ to invest and you are trying to decide between investing in project A or project B$.$ If you invest in project A$,$ you will receive a payment of $$16,500$ at the end of $2$ years. If you invest in project B$,$ you will receive a payment of $$25,000$ at the end of $11$ years. The annual interest rate is $5$ percent and both projects carry no risk.

Instructions: Round your answers to the nearest dollar. Do not round your intermediate calculations.

What is the present value of each project? Enter your answers in the table below