Reference Reference Penodsl 1% 2% 13% | 4% | 5% 6% 17% 8% 8% | 10% 12% | 14% | 15% 16% | 18%|20% 1 0.300|0.980 0.971 0.962| 0.952 C.943|0.935|0.926 O.91 2 0.980 | 0.961 0.943 0.925 | 0.907 a.B90 | 0.873 | 0.857 | 0.842 | 0.226 | 0.797 | 0789 0.756 | 0743 0.718 0.684 3 0.971 | 0.942 0.916 .889 | 0.964 C.840 | 0.816 | 0,794 | O 772 | O 751 | 0712 | 0675 | 0658 | 0641 0609 0579 | 4 0.961 | 0.924 0.888 0.555 | 0.B23 0.792| 0.753| 0.735 0705|0.6B310635|0592 0.572| 0 552 0.516 0.482 6 .961 | 0906 0.563 .822 | 0.784 .747 | 0.713 | 0.661 | 0.650 | 0821 | 0.567 | 0519 | 0497 | 0478 0.437 n.402 | 6 942 | 0888 ,837 0.790 | 0.74 0.706 | 0.066 | 0.630 | 0596 | 0.564 | 0507 | 0456 0432 | 0410 0.370 | 0.335 7 0.9g3 | 0.871 0.B13 0.760 | 0.711 g.655 | 0.623 | 0.583 | C547 | 0.513 | 0.452 | 0400 0.376 | 0.354 0.314 0.279 8 .923|0.853 .789 0.231 | 0.877 0.627|0.582 | 0.540 | 0.502|0.487|0404|0351|03210.305 0.266 0.233| 9 0914 0837 O.TE6 0.0 0.645 0.520.544 0.500 04 0424 0361 30 0284 0263 0225 0.194 10 0.905 0.820 0.744 0.676 0.B14 0.558 0.58 0.463 0.42203B 0.3220270 0247 0227 0.191 D.162 11 0896 0.504 0.722 0.6500.58 0.57 04 0.429 0388 0350 0287 0237 0215 0.15 0.162 0.135 12 0.587 0.7T88 0.701 0.625 0.557 0.497 0.444 0.39T 0.353 0319 0257020B 01870.16B 0.137 0.112 13 0879 0.773 0. 0.0.5300490415 0.3 0.32290 0229 0182 0163 0.145 0.116 0093 14 0.870 0.58 0.661 0.5 0.506 0.412 0.358 0.340 0.29902630205 0160 0 0.125 0C99 0.078 15 .861 | 0.74 0.542 0.556 | 0 1 0.417 | 0.362 | 0.315 | 0.275 | 0.239 | 0.183 | 0.140 | 0.123 | 0.108 0.084 0.005 16 0.853 0.T28 0.623 0.534 0.458 0.391 0.339 0.2920.25202180163 0123 0107 0093 0.071 .064 17 8440.714 M6 0.513 | 0430.371 0.317 | 0.270 | 0.231 | 0.198 | 0.146 | 010B 0093 | 0080 0.060 DC45 | 18 036 0.7CO 0.587 0494 0416 0.350 0.26 0.250 0.212 0180 0130 005 0081 0069 0061 0038 19 D.528 0686 0.570 0.4TS 0.336 0.331 0.277 0.232 0.194 0184 0.1160083 DCTD0060 0043 0.031 20 0|0.673 .564 0.456 | 0.377 0.312| 0.258| 0.215 0.178|0.149 | 0104|0073|0C6110061 0.0a, noas 21 0.8110660 0.538 30.35 0.294 0.242 01 0164 0135 0093 0064 0C53 0044 0031 0022 22 0.803 0.817 0.522 0.422 0.312 0.27 0.226 0.181 0.150 0123 0083 0056 0046003B 0.026 0.018 23 .795|0634 0.507 1.400 | 0.328 0.262 0.211| 0.170| 0.138| 0.11210074 0049 0C401 0.003 0.022 0.015 | 24 0.788 | 0.622 0.492 C.390 | 0.310 0.247 | 0.197 | 0.158 | 0.125 | 0.102 | 0055 | 0043 | 0G35 | 0028 0.019 0.013 25 0.780 0.810 0.478 0.375 0.26 0.233 0.134 0.146 0.116 0.092 0.059 003B 0030 002 0.018 0.010 0909 0893 0877 0870 0862 847 033 1 0.9 0.950 C.97100952 0943 0935 0S26 0917 08307 0.80 02 0.847 0,833 2 1.970 1.912.9131.88 1859 1833 180B 1.7831.T59 1.736 1690 1.647 1.626 1.6061.566 1.528 3 2.941 2.884 2.8292.77 2723 2873 262 2.577 2.5 2487 2402 2.322 2.223 2.2482.1742.106 43.00 383.717 3630 3546 3465 3387 3.312 3.240 3.17 3.0372.914 2.B5 2.S2.60 2.589 5 4.853 4.713 4.580 4.452 4329 4212 4.100 3.9933.890 3.791 3.606 3.4333.352 3.2743.127 2.991 6 S.TS6 5.601.417 5.2425076 4817 4767 .623 4.486 4.356 4111 388 3.T84 3.635 3483.326 76.728 6.4T2 6.230 .00257BB 5582 5389 52065.0334B8 4.564 4.288 4.180 4.039 3.B12 3.806 8 72 7,3020 6.733 64636210 5971 5.7475.5355.336 4.9843 448 4.344 4.03.83 9 | 8.566 0.162| 7.7B6| 7.435 710B .802|6515 6.247 5.995| 5.759 5.328| 4.946| 4.772 4.607| 4.303| 4.031 10 | 9471 .983| 2.530|8.111 | 7722 7260|7024 6.710 6.418| 6.146 .65016218| 5.019 4.833| 4.494|4.192 11 10.368 9.787 9.253 8760 830 7887 7499 7.139 6.8056.4 5.9385.453 5.234 5.029 4.5 4.327 12 | 11 255 10.575| 9.954|9.3B5 8883 8384|7943 7.536 7.161 | 6.814 0.1941 .660|5 421 .1971 4.7YI 4.43g 13 | 12.134 11.348| 10.635|9.986|9394 8853|8358 .9C4 7,487|7.103 6.424| 5.842| 5.583 5.342| 4.910| 4.533 14 | 13.004 12.106| 11.296| 10.563 | 9899 9295|6745 B244 7.788|7.367 6.628| 6.002|5724 5.468|5.00 4.611 16 | 13.8E5 12849|11.938| 11.118| 10380 9712|9108 569 8.061| 7.ace 6.811 |6.142|5.847 5.575| 5.092|4.875 16 | 14.718 13.578|12.561|11.552| 10 838 10106| 9447 8.851 8.313|7.824 6.974|626| 5.954 5.668| 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14.375 13.003 11.828 10810 9.9299.161 7. 6.90 6.491 6.118 5.480 4.956 27 | 23.58 20.707| 18.327| 16.330| 14.843 13211| 11.987 10935| 10.027| 9.237 7.943|6.916|6.514 0.136|5.492| 4.964 28 24.316 21.281 18.764 16.653 1489 13405 12.137 105 10.11 9.3077.884 6.961 6.534 6.152 5.502 4.97U 29 | 25.06 2..844| 19.18| 16.984|15141 13.591|12278 11.158 10.198| 9.370 .022| 6.983| 6.551 6.168|5.510| 4.975 30 | 25.8ce 22396| 19:00: | 17.292| 15.372|13765|12 409 11 258 10274| 9.427 8.05617, 16.566 6.177 |5.517 | 4.979 26 0.772 0598 0.464 0.30.2510.22001 0.135 0.105 0084 0053 0033 0C26 0021 0.014 0009 27 0.7641 0.588 0.45 0.3471 0.260.2071 0.161| 0.1251 0.0981 0.0781 0.047 0029 DC2310018 0.011 DC071 28 0.2571 0.574 437 0.333| 0.256 0.196|0.15010116|0.090|091004210026| 002010016 0.010|0006| 29 0.749 0.563 0.424 0.321 0.243 0.180.141 0.1070.0B200630.0370022 0C17 001 DCCB D.005 30 .742 | 0.552 412 .5010.231 0.174 | 0.131| 0.099 | 0.075|0.057|0.033| 0.020|0015 | 0012 0.007|.004 40 0.672 0.4530307 0.28 0.142 0.097 0.057 0.046 0.0320022 0.011 0005 0C040003 C1 0.001 40 32.835 27.356 23.115 13.73 17150 15046 13332 11.925 10.59.778 8.244 .106 6.642 6.233 5.548 4.397 50 ne 0372 0228 141 87 g 54 C 24 0.021 0013 ans as aa 1 01 0001 50 | 39.196 31.424| 25.73C 21.482| 18.256 15762|13801 12.233 10.962| 9.915 .304 | 7.133 | 6 39.198 31A24 25.73 21.482 18256 15.782 13801 12233 10 2 9,91 a 104 7 13a 688 824 5554 99 246 | 5.554 | 4.999 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. S8,250 per year at the end of each of the next seven years 2. $50,050 (lump sum) now 3. S98,150 (lump sum) seven years from now Click the icon to view Present Value of $1 table.)(Click the ioon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) Read the requirements Requirement 1. Calculate the present value of each scenario using a 6% discount rate which scenario yields the highest present value? Round the factors to three decimal places, X X X Round the present value to the nearest whole dollar.) Present Value Scenario1 Scenario 2: Scenario 3 appears to be the best option. Based on a 6% interest rate, its present value is the Requirement 2. Would your preference change if you used a 12% discount rate? Compute the present value o 2% discount rate Round he actors to ree dec mal places, XXXX Round he presen each scenario using a value the nearest whole dollar. Present Value Scenario 1: Scenario 2: Scenario 3: appears to be the best option. Based on a 12% interest rate, its present value is the