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Your uncle offers you a choice of $101,000 in 10 years or $40,000 today. Use Appendix B as an calculate your final answer using the

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Your uncle offers you a choice of $101,000 in 10 years or $40,000 today. Use Appendix B as an calculate your final answer using the formula and financial calculator methods. approximate answer, but a-1. If money is discounted at 11 percent, what is the present value of the $101,000? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Present value a-2. Which offer should you choose? $40,000 today $101,000 after 10 years

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