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(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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(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 identlying how many rolls of toilet paper a typical American family keeps on hand, you win the opportunity to choose one of the following $1,800 today, $10,000 in 8 years, or $30,000 in 22 years. Assuming that you can earn 14 percent on your money, which should you choose? If you are offered $10,000 in 8 years and you can earn 14 percent on your money, what is the present value of $10,000? (Round to the nearest cent)

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