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 keps on hand, you win the opportunity to choose one of the following: $1,900 today $9,000 in 12 years, or $35,000 in 20 years. Assuming that you can eam 11 percent on your money, which should you choose?

1. If you are offered $9,000 in 12 year and you can eam 11 percent on your money, what is the present value of $9000?

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you chowe? (Pound to the newest eart)