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20) Your uncle offers you a choice of $111,000 in 10 years or $50,000 today. UseAppendix Bas an approximate answer, but calculate your final answer

20)

Your uncle offers you a choice of $111,000 in 10 years or $50,000 today. UseAppendix Bas an approximate answer, but calculate your final answer using the formula and financial calculator methods.

a-1.

If money is discounted at 9 percent, what is the present value of the $111,000?(Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Present value $

a-2.

Which offer should you choose?

$111,000 after 10 years

$50,000 today

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