normal price, $35 each. If you choose this option, you will put all the money from the sale into a one-year savings account that has a 6% interest rate.3c. In your own words, define “present value.”the value in the present of a sum of money, in contrast to some future value it will havewhen it has been invested at compound interest.3d. Assuming that there are no risks, which is the better deal for you? Use a calculator to determine the present value of both options. Write down all the numbers and symbols you enter into your calculator, any formulas you use and your final answers.

3e. At the height of the craze, Furby toys are doing so well that you consider investing in Hasbro (the company that makes Furby toys). Explain, in your own words, the difference between stocks and bonds and how the prices of each are determined.