Question: Problem 9 - 6 Present value [ LO 9 - 3 ] Your aunt offers you a choice of $ 2 1 , 4 0

Problem 9-6 Present value [LO9-3]
Your aunt offers you a choice of $21,400 in 25 years or $350 today. At a discount rate of 18 percent, how much is your aunt's offer of $21,400 worth today? (Enter your answer as a positive number rounded to 2 decimal places.)

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