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You have the choice of receiving $ 7 0 , 0 0 0 now or $ 3 5 , 0 0 0 now and another

You have the choice of receiving $70,000 now or $35,000 now and another $49,000 six years from now. In terms of today's dollar, which choice is better and by how much? Money is worth 64% compounded annually.Question 5Which choice is better?Question 6 A. They are equal in value. .The choice of $70,000 now is better. C. The choice of $35,000 now and $49,000 in six years is better.Question 7The better choice is greater than the alternative choice by $ in terms 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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