Your grandfather has offered you a choice of one of the three following alternatives: $10,500 now $5,000 a year for nine years or $61,000 at the end of nine years. Use Appendix Band Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods. 0-1. Assuming you could eam 7 percent annually, compute the present value of each alternative: (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Present Value $10500 55000 S61000 0-2 Which alternative should you choose? $61,000 received at end of nine years b-1. If you could earn 8 percent annually, compute the present value of each alternative: (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Present Value $ $ $ 10,500 5,000 61,000