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. -1. If money is discounted at 8 percent, what is the present value of the $105,000? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Present value 0-2. Which offer should you choose? $105,000 after 10 years $47,000 today Phil Goode will receive $110,000 in 30 years. His friends are very jealous of him. If the funds are discounted back at a rate of 10 percent, what is the present value of his future "pot of gold"? Use Appendix B for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Present value Appendix Present value of $1, PV PV-F Percent Porlod 1% 5% 6% 0.990 0.980 0.971 0.961 0.951 0.942 0.933 0.923 0.914 0.905 0.896 0.887 0.879 0.870 0.861 0.853 0.844 0.836 0.828 0.820 0.780 0.742 0.672 0.608 0.980 0.961 0.942 0.924 0.906 0.888 0.871 0.853 0.837 0.820 0.804 0.788 0.773 0.758 0.743 0.728 0.714 0.700 0.686 0.673 0.610 0.552 0.453 0.372 3% 0.971 0.943 0.915 0.888 0.863 0.837 0.813 0.789 0.766 0.744 0.722 0.701 0.681 0.661 0.642 0.623 0.605 0.587 0.570 0.554 0.478 0.412 0.307 0.228 4% 0.962 0.925 0.889 0.855 0.822 0.790 0.760 0.731 0.703 0.676 0.650 0.625 0.601 0.577 0.555 0.534 0.513 0.494 0.475 0.456 0.375 0,308 0.208 0.141 0.952 0.907 0.864 0.823 0.784 0.746 0.711 0.677 0.645 0.614 0.585 0.557 0.530 0.505 0.481 0.458 0.436 0.416 0.396 0.377 0.295 0.231 0.142 0,087 0.943 0.890 0.840 0.792 0.747 0.705 0.665 0.627 0.592 0.558 0.527 0.497 0.469 0.442 0.417 0.394 0.371 0.350 0.331 0.312 0.233 0.174 0.097 0.054 7% 8% 0.935 0 .926 0.873 0.857 0.816 0.794 0.763 0.735 0.713 0.681 0.666 0.630 0.623 0.583 0.582 0540 0.544 0.500 0.508 0.463 0.475 0.444 0.397 0.4150.368 0.3880.340 0.362 0.315 03390292 0.3170.270 0.296 0.250 0.277 0.232 0.258 0.215 0.184 0.146 0.131 0.099 0.067 0.046 0.034 0.021 9% 0.917 0.842 0.772 0.708 0.650 0.596 0.547 0.502 0.460 0.422 0.388 0.356 0.326 0.299 0.275 0.252 0.231 0.212 0.194 0.178 0.116 0.075 0.032 0.013 10% 11% 0.9090 901 0.826 0.812 0.751 0.731 0.683 0.659 0.621 0.593 0.564 0.535 0.513 0.482 0.467 0.434 0.424 0.391 0.386 0.352 0.350 0.317 0.319 0.286 0.290 0.258 0.263 0.232 0.239 0.209 0.218 0.188 0.170 0.180 0.153 0.164 0.138 0.149 0.124 0.092 0.074 0.057 0.044 0.022 0.015 0.009 0.005 12% 0893 0.797 0.712 0636 0.567 0.507 0.452 0.404 0.361 0.322 0.287 0.257 0.229 0.205 0.183 0.163 0.146 0.130 0.116 0.104 0.059 0.033 0.011 0.003 0.198