Question: (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

(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 rolls of toilet paper a typical American family keeps on hand, you win the opportunity to choose one of the following: $1,600 today, $12,000 in 13 years, or $34,000 in 22 years. Assuming that you can eam 9 percent on your money, which should you choose? - en in 19 son and ... mam namant nn nur minn what is the present value of $12,000

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