Final answer:
The present value of $21,600 discounted at 17% over 30 years is approximately $447.13, which is calculated using the present value formula

is more than the immediate offer of $200 today.
Step-by-step explanation:
To calculate the present value of $21,600 discounted at 17 percent over 30 years, you would use the present value formula, which is PV = FV / (1 + r)^n. Here, PV is the present value, FV is the future value of the money, r represents the discount or interest rate, and n represents the number of years until payment.
The formula with the values plugged in is: PV = 21600 / (1 + 0.17)^30. Using a calculator to compute this, you would perform the following: PV = 21600 / (1.17)^30, which equals about $447.13, though this figure may vary slightly depending on rounding during the calculation process.
Comparing the two amounts, $200 today versus the present value of $21,600 in 30 years at a 17% discount rate, we can see that the present value ($447.13) is greater than the $200 immediate option.