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EV (Present-value comparison) Much to your surprise you were selected to appear on the TV show The Price is Right. As a result of your

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EV (Present-value comparison) Much to your surprise you were selected to appear on the TV show "The Price is Right. As a result of your prowess in identifying how many rolls of toilet paper a typical American family keeps on hand, you win the opportunity to choose one of the following $2.000 today, $6.000 in 14 years, or $32 000 25 years Assuming that you can eam 12 percent on your money, which should you choose? If you are oltored $5.000 in 14 years and you can earn 12 percent on your money, what is the present value of $5,000? 5 (Round to the nearest cent.)

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