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Question 16 (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

Question 16 (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 $5,000 received now? N 11,5227 11,570.2 11,859.4 12,000.0

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