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Your aunt offers you a choice of $22,000 in 17 years or $950 today. At a discount rate of 20 percent, how much is your
Your aunt offers you a choice of $22,000 in 17 years or $950 today. At a discount rate of 20 percent, how much is your aunt's offer of $22,000 worth today? (Enter your answer as a positive number rounded to 2 decimal places.) If you invest $12,500 today, how much will you have in each of the following cases? Enter all answers as positive amounts. a. In 8 years at 7 percent? (Round your final answer to 2 decimal places.) b. In 17 years at 10 percent? (Round your final answer to 2 decimal places.) c. In 20 years at 12 percent (compounded semiannually)? (Round your final answer to 2 decimal places.)
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