Question: Problem 9-7 Present value [LO3] Your uncle offers you a choice of $115,000 in 10 years or $54,000 today. Use Appendix B as an approximate

Problem 9-7 Present value [LO3] Your uncle offers you a choice of $115,000 in 10 years or $54,000 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 11 percent, what is the present value of the $115,000? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Present value $ a-2. Which offer should you choose? $115,000 after 10 years $54,000 today References Worksheet

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