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

(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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