Delia has a choice between $113,000 in 10 years or $52,000 today. Use Appendix B. a. Calculate the present value of $113,000, If long term rates are 11 percent? (Round "PV Factor" to 3 decimal places. Round the final answer to the nearest whole dollar.) Present value b. What should be her choice? O $52,000 today. O $113,000 in 10 years.

Delia has a choice between $113,000 in 10 years or $52,000 today. Use Appendix B. a. Calculate the present value of $113,000, If long term rates are 11 percent? (Round "PV Factor" to 3 decimal places. Round the final answer to the nearest whole dollar.) Present value b. What should be her choice? O $52,000 today. O $113,000 in 10 years.

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter1: Understanding Personal Finance

Section1.4: Perform Time Value Of Money Calculations

Problem 3CC

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