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Your grandfather has offered you a choice of one of the three following alternatives: $ 1 4 , 0 0 0 now; $ 7 ,

Your grandfather has offered you a choice of one of the three following alternatives: $14,000 now; $7,250 a year for nine years; or $102,000 at the end of nine years. (Use Excel to arrive at the answers. Round the final answers to the nearest whole dollar.)
a-1. Assuming you could earn 7 percent annually, compute the present value for the following amounts.
\table[[$14,000 now,Present value],[$7,250 a year for nine,$
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