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You can choose to take $140,000 in 11 years or $45,000 today. At an interest rate of 10 percent, what is the value of $140,000

image text in transcribed You can choose to take $140,000 in 11 years or $45,000 today. At an interest rate of 10 percent, what is the value of $140,000 now? (Enter your answer as a positive number rounded to 2 decimal places.) a-2. Which option should be selected? $45,000 today $140,000 in 11 years b-1. Assume an interest rate of 10 percent for 8 years. If the choice is $140,000 in 8 years or $45,000 today, how much is the $140,000 worth today? (Enter your answer as a positive number rounded to 2 decimal places.)

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