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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
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: 1-a.Calculate the present value for the following assuming that the money can be invested at 7% percent. (Round final answers to the nearest dollar amount.) Present Value $ as a. You may receive $55,000 immediately. b. You may receive $78,000 at the end of ten years. You may receive $12,000 at the end of each year for ten years (a total of $120,000) $ 1-b.lf you can invest money at a 7% return, which option would you prefer? Option a O Option b OOotion
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