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Assume you have a choice of receiving $110,000 in 13 years or $47,500 today. If the interest rate is 9 percent, how much is the

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Assume you have a choice of receiving $110,000 in 13 years or $47,500 today. If the interest rate is 9 percent, how much is the $110,000 worth now? (Enter your answer as a positive number rounded to 2 decimal places.) a-2. Which offer should you choose? $110,000 in 13 years $47,500 today b-1. Now assume the choice s $110,000 in 10 years or $47,500 today. How much is the $110,000 at 9 percent for 10 years worth now? (Enter your answer as a positive number rounded to 2 decimal places.) b-2. Now, which offer should you choose? $110,000 in 10 years $47,500 today

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