Question: Personal DeVry Student Portal | H X ) Week 5: Homework X M McGraw Hill - Connect X M Question 2 - Week 5: Hc

Personal DeVry Student Portal | H X ) Week 5:
Personal DeVry Student Portal | H X ) Week 5: Homework X M McGraw Hill - Connect X M Question 2 - Week 5: Hc X Microsoft Copilot in Bin x + X G https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheduc... . .. Week 5: Homework i Saved Help Save & Exit Submit Check my work 2 O Problem 9-8 (Algo) Present value [LO9-3] 5 Your father offers you a choice of $125,000 in 11 years or $45,500 today. Use Appendix B as an approximate answer, but calculate your points final answer using the formula and financial calculator methods. a-1. If money is discounted at 8 percent, what is the present value of the $125,000? eBook Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Hint Present value $ 53,556.23 Print + References a-2. Which offer should you choose? O $45,500 today O $125,000 in 11 years b-1. Now assume the offer is $125,000 in 8 years or $45,500 today. What is the present value of the $125,000 at 8 percent for 8 years? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Mc Graw Hill 503

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