Tea Witter has a choice between $120,000 in 10 years or $54,000 today. ...

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Finance

Tea Witter has a choice between $120,000 in 10 years or $54,000 today.
Calculate the present value of $120,000, If long term rates are 9 percent?
Note: Use a Financial calculator to arrive at the answer. Round the final answer to the nearest whole dollar.
Present value $
50689
What should be her choice?
multiple choice
$54,000 today.
$120,000 in 10 years.

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