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Your uncle offers you a choice of $ 1 0 5 , 0 0 0 in 1 0 years or $ 4 7 , 0

Your uncle offers you a choice of $105,000 in 10 years or $47,000 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 $105,000?(Do not round intermediate calculations. Round your final answer to 2 decimal places.) a-2. Which offer should you choose? $105,000 after 10 years or $47,000 today

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