You were selected to appear on a TV show. as a result of your prowess in identifying how many rolls of toilet paper a typical American family keeps on hand, you win the opportunity to choose one of the following: $1900 today, $10,000 in 14 years, or $29,000 in 24 years. Assuming that you can earn 12% on your money, which should you choose?

If you are offered $10,000 in 14 years and you can earn 12% on your money, what is the present value of $10,000?