Your grandmother would like to share some of her fortune with you. She otfers to give you monoy under one of the following scenarios gou get to choosej 1. $8,750 a year at the end of each of the next seven years 2. $48,750 (lump sum) now 3. $99,350 (tump sum) seven years from now Calculate the present value of each scenario using a 6% interest rate. Which scenario yiclds the highest present value? Would your prafurence change ? you ised a 12 .. inteneat rate? (Click the icon to view the present value annuity faclor table.) (Cick the icon to viow the future value annuity facior table.) (Click the ioon to wew the present value fockor tatio.) (Cick the icon fo view the future vatue lactor tabie] Using a 6% interest rate, calculate the present values for each scenario. (Round the anounts to the neareat dotac:) Present value of Scenario 1 Present Value of Annuity of $1 Future Value of Annuity of $1 Present Value of $1 Future Value of $1