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(Present-value comparison) Much to your surprise, you were selected to appear on the TV show "The Price is Right." As a resuit of your prowess n iafirifying kiw many rol's of tolet paper a typical American family keeps on hand, you win the oppoxtunity to choose one of the following: \$1,100 foding, \$5,000 in 6 yeart dr \$30 fo0 in 25 years. Assuming that you can earn 7 percont on yout monoy, which shoukd you choose? If you are offered $5.000 in 8 years and you can eam 7 percent on your money, what is the present value of $5,000? (Round to the nearest cent.) If you are offerod $30,000 in 25 years and you can earn 7 percont on your monay, what is the present value of $30,000 ? (Round to the nearest cent.)