ulas Data Review View NE A- A+ Wrap Text A Merge & Center $ Condit Format heritance of $100,000. You want to save it for your child's college education. Your child should begin college in 1 D E F You win a lottery and can either receive $50,000 3 years from today (option 1), or $60,000 7 years from today (option 2). If you could earn 4.0% on savings for the next 7 years, what is the correct choice to make? How much do you gain by making the correct choice? PV option 1 PV option 2 Rate: 3 7 4.0% 50,000.00 60,000.00 gain: choice: Use the formulas from the text, not Excel functions Do not round any calculations Reference the values in the gray cells in your formulas All results should be positive numbers