Using the present and future value tables in Appendix A, the appropriate calculations on the Garman/Forguecompanion website, or a financial calculator, calculate the following:

(b)A person is offered a gift of $5,000 now or $8,000 five years from now. If such funds could be ex-pected to earn 8 percent over the next five years, which is the better choice?

Please note I have to show my formulas. Thank you in advance!