You have the choice of receiving now, or now and another years from now. In terms of today's dollar, which choice is better and by how much? Money is worth compounded annually.

Which choice is better?

A.

They are equal in value.

B.

The choice of is better.

C.

The choice of is better.

Part 2

The better choice is greater than the alternative choice by $

enter your response here 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.)

You have the choice of recelving $60,000 now, or $28,000 now and another $42,000 six years from now. In terms of today's dollar, which choice is better and by how much? Money is worth 5.2% compounded annually. Which choice is better? A. They are equal in value. B. The choice of $28,000 now and $42,000 in six years is better. C. The choice of $60,000 now is better The 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.)