1 Your grandiather has offered you a choice of one of the three following alternatives: $5,500 now; $2,200 2 a year for nine years; or $31,000 at the end of nine years. Assuming you could earn 10 percent annually. 3 which altemative should you choose? If you could earn 11 percent annually, would you still choose the 4 same altemative? 5 6 Solution 8. Problem 9.29 9 Instructions 10 11 Use the MS Excel PV function to complete the table below