Question: Delia has a choice between $ 1 0 7 , 0 0 0 in 1 0 years or $ 4 0 , 0 0 0

Delia has a choice between $107,000 in 10 years or $40,000 today.
a. Calculate the present value of $107,000, If long term rates are 8 percent? (Use Excel to arrive at the answers. Round the final answer to the nearest whole dollar.)
Present value
b. What should be her choice?
$107,000 in 10 years.
$40,000 today.
Delia has a choice between $107,000 in 10 years or $40,000

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