Previous Question P5-29 (similar to) Question Help (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 rols of to let paper a typical American family keeps on hand you win the opportunity to choose one of the following: $1,400 today, $11.000 in 11 years or $28,000 in 27 years. Assuming that you can earn 7 percent on your money, which should you Choose? If you are offered $11,000 in 11 years and you can earn 7 percent on your money, what is the present value of $11,000? S (Round to the nearest cent.) - Enter your answer in the answer box and then click Check Answer, parts Clear A Check