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Delia has a choice between $106,000 in 10 years or $43,000 today. Use Appendix B. a. Calculate the present value of $106,000, If long term

Delia has a choice between $106,000 in 10 years or $43,000 today. Use Appendix B.

a. Calculate the present value of $106,000, If long term rates are 9 percent? (Round "PV Factor" to 3 decimal places. Round the final answer to the nearest whole dollar.)

Present value $

b. What should be her choice?

multiple choice

$106,000 in 10 years.

$43,000 today.

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