You have the choice of receiving $50,000 ​now, or$20,000 now and another $35,000three years from now. In terms of​ today's dollar, which choice is better and by how​ much? Money is worth 4% compounded annually.
Which choice is better?
A.The choice of $20,000 now and $35,000 in three years is better.
B.The choice of $50,000 now is better.
C. They are equal in value.
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The better choice is greater than the alternative choice by ​$____ in terms of​ today's dollar.
​(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as​ needed.)