Part 1 of 8 Score: 0%, 0 of 6 points Points: 0 of 1 Your grandfather would like to share some of his fortune with you. He offers to give you money under one of the following scenarios (you get to choose) 1. $9,750 a year at the end of each of the next seven years 2. $52,000 (lump sum) now 3. $99,100 (lump sum) seven years from now Calculate the present value of each scenario using a(n) 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 table.) BE (Click the icon to view the present value table.) E: (Click the icon to view the future value annuity table.) E (Click the icon to view the future value table.) Using a(n) 8% interest rate, calculate the present value for each scenario (Round your answers to the nearest whole dollar.) Find the present value for Scenario 1 Scenario 1 Help me solve this Video Get more help Clear all Check Tyne here to search 1202 AM ture value of $1 Question 1, S12-7 (simil. Part 1 of 8 HW Score: 0%, 0 of 6 points O Points: 0 of 1 Save th you. He offers to give you money under one of the fol Future Value of $1 Periods 6% 8% 10% 12% Present value of $1 -X Present value of annuity of $1 1 1.060 1 080 1.100 1.120 interest rate Which scenario yields the highest present 2 1.124 1 166 1.210 1.254 Present Value of $1 3 1 191 1.260 1.331 1.405 Future value of annuity of $1 - X Present Value of Annuity of $1 Period 6% 8% 10% 12% Period 6% 8% 10% 12% 4 1 262 1.360 1.464 1.574 1 0.943 0.926 0.909 0:893 1 0.943 0.926 0.909 0.893 5 1.338 1.469 1.611 1.762 2 0 890 0.857 0826 0797 2 1.833 1783 1.736 1 690 6 1419 1 587 1.772 1974 Future Value of Annuity of $1 3 0.840 0.794 0.751 0.712 3 2,673 2.577 2.487 2.402 7 1.504 1 714 1 949 2211 Period 6% 8% 10% 12% 4 0.792 0.735 0.683 0.636 4 3.465 3.312 3.170 8 1.594 1 851 2 144 3,037 3.605 2.476 1 1 000 1.000 1 000 1000 5 0 747 0 681 0.621 0 567 5 4212 3.993 3.791 9 9 1.689 1 999 2.358 2.773 2 2060 2080 2.100 6 0.705 0 630 0564 0507 6 4.623 4.355 4.111 2.120 3.374 4.917 5.582 10 1.791 2.159 2594 3 106 3 3.184 7 0.665 0.583 0513 0452 7 5.206 4.868 4 564 3.246 3.310 4.506 4.64 15 2.397 3.172 4.177 5.474 4 4.375 4.779 8 0.627 0.540 0.467 0.404 8 6.210 5.747 5.335 4 4.968 20 3207 4.661 6.728 9.646 5 5 637 5 867 6 105 6.353 9 0592 0500 0 424 0 361 9 6.802 6 247 5.759 5.328 6 6.975 7 336 7 716 8.115 0.558 10 0.463 0386 0322 10 7 360 6.710 6.145 5.650 7 7 8.394 8.923 9.487 10.089 8 9 Print Done 10 9 897 10 637 11 436 12 300 11 491 12.488 13.579 14 776 13 181 14 487 15.937 17.549 23 276 27 152 31 772 37 280 36.786 45 762 52.275 72052 Print Done Print Done I 15 20 Clear all Check answer Help me solve this Video Get! d) D. ENG 12C Haze O 08:29 08-12-2021 DI Type here to search