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Your grandfather has offered you a choice of one of the three following alternatives: $12,000 now, $6,000 a year for six years. or $76.000 at
Your grandfather has offered you a choice of one of the three following alternatives: $12,000 now, $6,000 a year for six years. or $76.000 at the end of six years. Use Angendix B and Aopendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods. 0-1. Assuming you could eern 10 percent annually, compute the present value of each alternative: (Do not round Intermediate calculetions. Round your final answers to 2 decimal places.)
Present Value $ 12,000 $ 12,000.00 26,130.00 $ 6,000 $ $ 76,000 42864
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