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a. What is the present value of $25,000 in 26 years discounted at 12 percent interest rate? (Round to the nearest cent.) b. What is

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a. What is the present value of $25,000 in 26 years discounted at 12 percent interest rate? (Round to the nearest cent.) b. What is the present value of $9,000 in 13 years discounted at 12 percent interest rate? (Round to the nearest cent.) c. Which offer should you choose? (Select the best choice below.) A. Choose $9,000 in 13 years because its present value is the highest. B. Choose $25,000 in 26 years because its present value is the highest. C. Choose $1,400 today because its present value is the highest

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