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Your aunt offers you a choice of $22,300 in 30 years or $750 today. Use Appendix B as an approximate answer, but calculate your final
Your aunt offers you a choice of $22,300 in 30 years or $750 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 12 percent, what is the present value of the $22,300? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Present value a-2. Which offer should you choose? $22,300 in 30 years $750 today
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