Your father offers you a choice of $100,000 in 13 years or $45,000 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 9 percent, what is the present value of the $100,000? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Present value a-2. Which offer should you choose? $100,000 in 13 years $45,000 today b-1. Now assume the offer is $100,000 in 10 years or $45,000 today. What is the present value of the $100,000 at 9 percent for 10 years? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Present value b-2.Now, which offer should you choose? $45,000 today O $100,000 in 10 years Prou 9 10 *** Next

Your father offers you a choice of $100,000 in 13 years or $45,000 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 9 percent, what is the present value of the $100,000 ? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. a-2. Which offer should you choose? $100,000 in 13 years $45,000 today b-1. Now assume the offer is $100,000 in 10 years or $45,000 today. What is the present value of the $100,000 at 9 percent for 10 years? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. b-2.Now, which offer should you choose? $45.000 today $100,000 in 10 years