t Homework: 7.4-Homework: MyAccountingLabTM Homework 7 Score: 4.44 of 8 pts & S12A-13 (similar to) Your grandlather would like to share some of his fortune with you. He offers to give you money under one of the 12 of 13 (12 complete) HW Score: 86.19%, 86.19 of 1 Morne Info scenarios (you get to choose fellewing s (Click the icon to view the scenarios) Click t Click the loon to view Future Value of $1 table)(Ck the ion to view Future Value Ordinary of Annuity of $1 table) the icon to view Present Value of $1 table)Cick the loon to wiew Present Value of Ordinary Annuity of $1 able) 1. $8,000 per yoar at the end of each of the next six years 2. $48,3s0 (ump sumj now 3. $99,350 Oump sumj six years hom now Read the requirements the present value of each scenario using an 8% decont mie, which soenaro ya ase highe, present vale? Rond to te Print Done Begin by caleulatng te present value of each scenario using an % dicount rato.ond the amount' tote Sarestdel. Present Value Scenario 1 $36984 Scenario 2: $ 48,350 Scenario 3 62606 Scenario 3 appears to be the best option Based on an % dscount rate, its present vane is the highest Requirement 2 would your preference change you used a 10% discount rate? Begn by calculating the present value of each scenario using a 10% discount rale. (Round he amounts to the nenst dolr3 Requrements 1. Calciate the presere val ot each scenaro usig an8%discount rate. Which scenario yields the highest prosent value? Round to the nearest dollar Would your preference changetyou used a 10% disont rate? 2. Print Done Present Vaue Scenario1 Enter any number in the edit fields and then click Check Answer Pa Glear Al Check