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Your father offers you a choice of $120,000 in 13 years or $47,000 today. If the interest rate is 8 percent, how much is the
Your father offers you a choice of $120,000 in 13 years or $47,000 today. If the interest rate is 8 percent, how much is the $120,000 worth now? (Enter your answer as a positive number rounded to 2 decimal places.) a-2. Which offer should you choose? $120,000 in 13 years $47,000 today b-1. Now assume the offer is $120,000 in 10 years or $47,000 today. How much is the $120,000 at 8 percent for 10 years worth now? (Enter your answer as a positive number rounded to 2 decimal places.)
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