Your father offers you a choice of $100,000 in 13 years or $45,000 today. If the interest rate is 9 percent, how much is the $100,000 worth now? (Enter your answer as a positive number rounded 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. How much is the $100,000 at 9 percent for 10 years worth now? (Enter your answer as a positive number rounded to 2 decimal places.)

b-2. Now, which offer should you choose?

$100,000 in 10 years

$45,000 today