Your grandmother would tike to share some of her fortune with you. She offers to give you money under one of the following scenarios (you got to choose): 1. $8,550 a year at the end of each of the next sevvon years 2. $48,750 (lump sum) now 3. $99.350 (lump sum) seven years from now Calculate the present value of each scenano using an B\% interest rate. Which soenaro ylolds the highest present value? Would your orolorence change if you used a 12% intereat rate? (Click the icon to view the present value annuty factor table.) (Click the loon fo view the present value factor table.) (Cick the icon to view the future value annulty factor tablo.) (Click the icon to vien the future value tackor table.) Using an 8\%, interest rate, calculate the present valuos for each scenario. (Round the amounts to the nesveat dollar). Present value of Scenario 1 y get to choose). Present Value of Annuity of $1 rence chango if you used a 12 . estion list 1. $8,550= Present Value of $1 2 s $48,750 Question 1 ronce change er you used a Question 2 Question 3 Question 4 Question 5 Question 6 Future Value of $1 a change if you used a. 12% in Future Value of Annuity of $1