Question: Question Help (Present-value comparison) You are offered $2,000 today, $6,000 in 11 years, or $26,000 in 28 years. Assuming that you can earn 15 percent

Question Help (Present-value comparison) You are offered $2,000 today, $6,000 in

Question Help (Present-value comparison) You are offered $2,000 today, $6,000 in 11 years, or $26,000 in 28 years. Assuming that you can earn 15 percent on your money, which offer should you choose? a. What is the present value of $26,000 in 28 years discounted at 15 percent interest rate? (Round to the nearest cent.) b. What is the present value of $6,000 in 11 years discounted at 15 percent interest rate? (Round to the nearest cent.) c. Which offer should you choose? (Select the best choice below.) A. Choose $2,000 today because its present value is the highest. O B. Choose $6,000 in 11 years because its present value is the highest. O C. Choose $26,000 in 28 years because its present value is the highest. Click to select your answer(s)

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