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You have just learned that you are a beneficiary in the will of your late Aunt Susan. The executrix of her estate has given you

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You have just learned that you are a beneficiary in the will of your late Aunt Susan. The executrix of her estate has given you three options as to how you may receive your Inheritance Required: -a.Calculate the present value for the following assuming that the money can be invested at 4% percent. (Round final answers to the nearest dollar amount.) Present Value $ $ a. You may receive $54,000 immediately. b. You may receive $77,000 at the end of eleven years, You may receive $11,000 at the end of each year for eleven years (a total of $121,000). $ 1-b.If you can invest money at a 4% return, which option would you prefer? Option a Option b Option

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