Delia has a choice between $$107,000$ in $10$ years or $$40,000$ today.

a$.$ Calculate the present value of $$107,000,$ If long term rates are $8$ percent? $($Use Excel to arrive at the answers. Round the final answer to the nearest whole dollar.$)$

Present value

b$.$ What should be her choice?

$$107,000$ in $10$ years.

$$40,000$ today.