Question 10 (2 points)

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, which alternative would you choose?

Question 10 options:

	$5,000 now
	$1,000 per year for eight years
	$12,000 at the end of eight years
	none of them