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Question 1 (1 point) Case 1: Your grandfather has offered you a choice of one of the three following alternatives: $5,000 now; $1,000 a year

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Question 1 (1 point) Case 1: Your grandfather has offered you a choice of one of the three following alternatives: $5,000 now; $1,000 a year for eight years; or $12,000 at the end of eight years. Assuming you could earn 11 percent annually, what is the future value of $1,000 received for eight years? 11,859.4 12000.00 O 11,570.2 11,522.7

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