Question: (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
(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 51.600 today. 57.000 in 9 years of $34.000 in 20 years. Assuming that you can earn 8 percent on your money, which should you choose? If you are offered $7,000 in 9 years and you can earn 8 percent on your money, what is the present value of $7.0007 $ 3,50174 (Round to the nearest cont.) If you are offered 534,000 in 20 years and you can earn 8 percent on your money. what is the present value of $34.0007 $ (Round to the nearest cent)
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