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need last 3 parts Your grandmother would like to share some of her fortune with you. She offers to give you money under one of

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Your grandmother would like to share some of her fortune with you. She offers to give you money under one of the following scenarios (you get to choose): 1. $7.250 a year at the end of each of the next seven years 2. $49,950 (lump sum) now 3. $100,250 (lump sum) seven years from now Calculate the present value of each scenario using an 8% interest rate. Which scenario yields the highest present value? Would your preference change if you used a 12% interest rate? (Click the icon to view the present value annuity factor table.) (Click the icon to view the present value factor table.) (Click the icon to view the future value annuity factor table.) (Click the icon to view the future value factor table.) Present value of Scenario 1 $ 37.744 Present value of Scenario 2 $ 49,950 Present value of Scenario 3 $ 58,446 Which scenario yields the highest present value? Scenario 3 appears to be the best option. Based on an 8% interest rate, its present value is the highest Using a 12% interest rate, calculate the present values for each scenario. (Round the amounts to the nearest dollar.) Present value of Scenario 1 Enter any number in the edit fields and then click Check Answer. ? 3 parts remaining Clear All Check

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