the following: \\( \\$ 1,600 \\) today, \\( \\$ 8,000 \\) in 8 years, or \\( \\$ 30,000 \\) in 20 years. Assuming that you can eam 13 percent on your money, which should you choose? If you are offered \\( \\$ 8,000 \\) in 8 years and you can earn 13 percent on your money, what is the present value of \\( \\$ 8,000 \\) ? (Round to the nearest cent)