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Your aunt offers you a choice of $22,700 in 30 years or $600 today. Use Appendix B as an approximate answer, but calculate your final

Your aunt offers you a choice of $22,700 in 30 years or $600 today. Use Appendix B as an approximate answer, but calculate your final answer using the formula and financial calculator methods.

If money is discounted at 13 percent, what is the present value of the $22,700? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Which offer should you choose?

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