1.You can choose to take $115,000 in 13 years or $48,000 today. At an interest rate of 11 percent, what is the value of$115,000 now?(Enter your answer as a positive number rounded to 2 decimal places.)

a-1.Which option should be selected?

multiple choice 1

• $115,000 in 13 years
• $48,000 today

b-2.Assume an interest rate of11 percent for 10 years.If the choice is $115,000 in 10 years or $48,000 today, how much is the $115,000 worth today?(Enter your answer as a positive number rounded to 2 decimal places.)

b-2.Which option should be selected now?

multiple choice 2

• $48,000 today
• $115,000 in 10 years