17 (Present value comparison) Much to your surprise, you were selected...
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Finance
17 
(Present value comparison) Much to your surprise, you were selected to appear on the TV show "The Price is Right As a result of your prowess in identifying how many rolls of toilet paper a typical American family keeps on hand, you win the opportunity to choose one of the following 51.600 today 510,000 in 11 years, or $26.000 in 21 years. Assuming that you can eam 14 percent on your money, which should you choose? If you are offered $10,000 in 11 years and you can earn 14 percent on your money, what is the present value of $10.000? $ (Round to the nearest cent)
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