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Your father offers you a choice of $145,000 in 12 years or $45,500 today Use Appendtx B as an approximate answer but calculate your final

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Your father offers you a choice of $145,000 in 12 years or $45,500 today Use Appendtx B as an approximate answer but calculate your final answer using the formula and financial calculator methods. a-1. It money is discounted at 11 percent, what is the present value of the $145,0002 (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Present value a-2. Which offer should you choose? $145,000 in 12 years $45,500 today b-1. Now assume the offer is $145,000 in 9 years or $45,500 today. What is the present value of the $145,000 at 11 percent for 9 years? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Present value b-2. Now which offer should you choose? $145 000 in 9 years $45,500 today

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