Present value (LO9-3) The present value of $7,900 in 10 years at 11 percent is $2,788.86 True False Question 2 ( 0.4 points) The present value of $16,600 in 5 years at 9 percent is over $10,000 True False Question 3(0.4 points) Your aunt offers you a choice of $20,100 in 20 years or $870 today. If money is discounted at 17 percent, you would take the $20,100 in twenty years. True False