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 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 7 percent annually, compute the present value of each altemative: (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Present Value $ 10,500 $ 5,000 $ 61,000 a-2. Which alternative should you choose? multiple choice 1 $61,000 received at end of nine years c $5,000 received each year for nine years . S10.500 received now 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 S 10,500 S 5.000 S 61,000 b-2. Which alternative should you choose? multiple choice 2 $5,000 received each year for nine years . S61,000 received at end of nine years $10.500 received now tru