You can choose to take $105,000 in 11 years or $47,000 today. At an interest rate of 9 percent, what is the value of $105,000 now? (Enter your answer as a positive number rounded to 2 decimal places.)...

Extracted text: You can choose to take $105,000 in 11 years or $47,000 today. At an interest rate of 9 percent, what is the value of $105,000 now? (Enter your answer as a positive number rounded to 2 decimal places.) a-2. Which option should be selected? $105,000 in 11 years O $47,000 today b-1. Assume an interest rate of 9 percent for 8 years. If the choice is $105,000 in 8 years or $47,000 today, how much is the $105,000 worth today? (Enter your answer as a positive number rounded to 2 decimal places.) b-2. Which option should be selected now? $105,000 in 8 years O $47,000 today