Your uncle offers you a choice of $116,000 in 10 years or $55,000 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 $116,000? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Present value a-2. Which offer should you choose? O $55,000 today O $116,000 after 10 years

Your uncle offers you a choice of $116,000 in 10 years or $55,000 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 $116,000 ? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) a-2. Which offer should you choose? $55,000 today $116,000 after 10 years