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Your aunt offers you a choice of $21,200 in 25 years or $430 today. Use Appendix B as an approximate answer, but calculate your final

Your aunt offers you a choice of $21,200 in 25 years or $430 today. Use Appendix B 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 $21,200?

a-2. Which offer should you choose? multiple choice $21,200 today $430 in 25 years

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