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You have the choice of receiving $ 1 2 0 , 0 0 0 now or $ 6 6 , 0 0 0 now and

You have the choice of receiving $120,000 now or $66,000 now and another $84,000 seven years from now. In terms of today's dollar, which choice is better and by how much? Money is worth 6.2% compounded annually.
Which choice is better?
A. They are equal in value.
B. The choice of $120,000 now is better.
The choice of $66,000 now and $84,000 in seven years is better.
The better choice is greater than the alternative choice by $ in te-ms of today's dollar.
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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