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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
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: $1,000 today, $9,000 in 9 years, or $31,000 in 20 years. Assuming that you can earm 14 percent on your money, which should you choose
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