QUESTION:1 2. If you invest $5000 in an account that earns 8 percent, what will it be worth in 10 years? (4 points) b. What is the present value of $15,500 to be received 10 years from today? Assume a discount rate of 8% compounded annually. (4 points) c. Your grandfather is planning to retire this year. Her firm has offered her a lump sum retirement payment of $50,000 now or a $6,000 life time ordinary annuity. whichever she chooses. Your grandfather is in reasonably good health and expects to live for at least 10 years more. Which option should she choose, assuming thae an 7 percent annual interest rate is appropriate to evaluate the annuity? (7 points)