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Assignment Saved $51,000 at the end of seven years. Use Appendix Band Appendix D for an approximate answer, but calculate your final answer using the

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Assignment Saved $51,000 at the end of seven years. Use Appendix Band Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods. a-1. Assuming you could earn 11 percent annually, compute the present value of each alternative: (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Present Value $ $ $ 9,500 4,000 51,000 a-2. Which alternative should you choose? O $51,000 received at end of seven years O $4,000 received each year for seven years O $9,500 received now b-1. If you could earn 12 percent annually, compute the present value of each alternative: (Do not round intermediate calculations Round your final answers to 2 decimal places.) Present Value 5 $ 9,500 4,000 51.000 5 b-2. Which alternative should you choose? $51,000 received at end of seven years $4,000 received each year for seven years $9.500 received now

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