Your grandfather has offered you a choice of one of the three following alternatives: $11,500 now; $5,700 a year for eight years; or $77,000 at the end of eight years. (Use a Financial calculator to arrive at the answers. Round the final answers to the nearest whole dollar.) a-1. Assuming you could earn 9 percent annually, compute the present value for the following amounts. Present value $ $ $ $11,500 now $5,700 a year for eight years $77,000 at the end of eight years $ HA a-2. Which alternative should you choose? $77,000 received at the end of eight years $5,700 received each year for eight years $11,500 received now b-1. If you could earn 15 percent annually, compute the present value for the following amounts. Present value $ $ $11,500 now 5,700 a year for eight years $77,000 at the end of eight years $ b-2. Which alternative should you choose? $5,700 received each year for eight years $77,000 received at the end of eight years $11,500 received now Graham Bell has just retired after 30 years with the telephone company. His total pension funds have an accumulated value of $400,000, and his life expectancy is 16 more years. His pension fund manager assumes he can earn a 10 percent return on his assets. What will be his yearly annuity for the next 16 years? (Use a Financial calculator to arrive at the answer. Round the final answer to the nearest dollar amount.) Annuity