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Your aunt offers you a choice of $20,100 in 20 years or $870 today. Use as an approximate answer, but calculate your final answer using

image text in transcribed Your aunt offers you a choice of $20,100 in 20 years or $870 today. Use as an approximate answer, but calculate your final answer using the formula and financial calculator methods. a-1. If money is discounted at 17 percent, what is the present value of the $20,100 ? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. a-2. Which offer should you choose? $20,100 in 20 years $870 today

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