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Delia has a choice between $120,000 in 10 years or $54,000 today. Use Appendix B. a. Calculate the present value of $120,000, If long term

Delia has a choice between $120,000 in 10 years or $54,000 today. Use Appendix B. a. Calculate the present value of $120,000, 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? $54,000 today. O $120,000 in 10 years

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