Question: ( Present - value comparison ) Much to your surprise, you were selected to appear on the TV show The Price is Right. As a

(Present-value comparison) Much to your surprise, you were selected to appear on the TV show "The Price is Right." As a result of your prowess in identifying how many rolls of toilet paper a typical American family keeps on hand, you win the opportunity to choose one of the following: $1,000 today, $5,000 in 10 years, or $25,000 in 26 years. Assuming that you can earn 9 percent on your money, which should you choose?
If you are offered $5,000 in 10 years and you can earn 9 percent on your money, what is the present value of $5,000?
$ (Round to the nearest cent.)
 (Present-value comparison) Much to your surprise, you were selected to appear

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