Question: Problem 9-6 Present value (LO9-3] Your aunt offers you a choice of $21,100 in 30 years or $430 today. Use Appendix B as an approximate

Problem 9-6 Present value (LO9-3] Your aunt offers you a choice

Problem 9-6 Present value (LO9-3] Your aunt offers you a choice of $21,100 in 30 years or $430 today. Use Appendix B as an approximate answer, but calculate your final answer using the formula and financial calculator methods. a-1. If money is discounted at 14 percent, what is the present value of the $21,100? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Present value a-2. Which offer should you choose? $21,100 in 30 years $430 today

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