Your grandmother would like to share some of her fortune with you. She offers to give you money under one of the following scenarios (you get to 1. $7,750 a year at the end of each of the next seven years 2. $49,950 (lump sum) now 3. $100,250 (lump sum) seven years from now Calculate the iresent value of each scenario using an 8% interest rate. Which scenario yields the highest present value? Would your preference (Click the icon to view the present value annulty factor table.) (Click the icon to view the present value factor table:) (Click the icon to view the future value annuity factor table.) (Click the icon to view the future value factor lable.) Using an 8% interest rate, calculate the present values for each scenario. (Round the amounts to the nearest dollar.) Which scenario yields the highest present value? appears to be the best option. Based on an 8% interest fate, its present value is the Using a 12% interest rate, calculate the present values for each scenario. (Round the amounts to the nearest dollar.) Present Value of Annuity of $1 Present Value of $1 uget to choose rence change