What is the amount of owner’s equity for tom cotton in the blue top taxi company? a. $900 c. $2,000 b. $1,100 d. $2,900

Your father offers you a choice of $120,000 in 11 years or $48,500 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 11 percent, what is the present value of the $120,000?