Question: You win $ 3 8 , 0 0 0 in the state lottery to be paid in two installments: $ 1 9 , 0 0

You win $38,000 in the state lottery to be paid in two installments: $19,000 now and $19,000 one year from now.
A friend offers you $36,000 in return for your two lottery payments. Instead of accepting your friend's offer, you take out a one-year loan at an interest rate of 8.25% per year, compounded annually. The loan will be paid back by a single payment of $19,000(your second lottery check) at the end of the year.
What is the present value of $19,000 one year from now?
Present value =$
Which is better, your friend's offer or the loan?
You win $38,000 in the state lottery to be paid in

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