please show me all the steps Award: 4.00 points Problem 9-6 Present value [LO9-3]...
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Award: 4.00 points Problem 9-6 Present value [LO9-3] Your aunt offers you a choice of $22,300 in 30 years or $750 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 12 percent, what is the present value of the $22,300? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Present value $ a-2. Which offer should you choose? O $22,300 in 30 years $750 today References Worksheet Difficulty: 1 Easy Problem 9-6 Present value [LO9-3] Learning Objective: 09-03 The present value is based on the current value of funds
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