Your grandfather has offered you a choice of one of the three following alternatives: $6,000 now; $1,500 a year for six years; or $22,000 at the end of six years. Use Appendix B and Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods. a-1. Assuming you could earn 9 percent annually, compute the present value of each alternative: (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Present Value 6.000 A A 1.500 $ 22.000 a-2. Which alternative should you choose? $22,000 received at end of six years O $1,500 received each year for six years O $6,000 received now b-1. If you could earn 10 percent annually. compute the present value of each alternative: (Do not round intermediate calculations. b-1. If you could earn 10 percent annually, compute the present value of each alternative: (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Present Value $ 6,000 1,500 $ $ 22,000 b-2. Which alternative should you choose? O $22,000 received at end of six years $1,500 received each year for six years O $6,000 received now