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(Present-value comparison) Much to your surprise, you were seiected to appear on the TV show The Prico is Right, As a result of your prowess

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(Present-value comparison) Much to your surprise, you were seiected to appear on the TV show "The Prico is Right," As a result of your prowess in identifying how zany rols of texeet paper a typical American family keeps on hand, you win the opportanity to choose one of the following: $1,000 today, $3,000 in 15 years, or $28,000 in 22 years Assuming that you can earn 6 percent an your money, which should you choose? If you are offered $8,000 in 15 years and you can earn 6 percont on your meney, what is the present value of $8,000 ? (Round to the nearest cent.)

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