After you have a car accident, you are offered by your insurance company a choice of one of three following alternatives:you can have $10,000 now; you can have $2,000 a year for eight years; or you can have $24,000 at the end of eight years. If you can earn 12% each year, which alternative would you choose?You must give the present value of each alternative.

Alternative 1

Alternative 2

Alternative 3