Your parents have made you two offers. The first offer includes annual gifts of $4,000, $4,500, and $5,200 at the end of each of the next thr respectively. The other offer is the payment of one lump sum amount today. You are trying to decide which offer to accept given the fact tha discount rate is 9.7 percent. What is the minimum amount that you will accept today if you are to select the lump sum offer? Multiple Choice O O $12,489 $10,378 $11,325 $18,086 $17,687

Your parents have made you two offers. The first offer includes annual gitts of $4,000,$4,500, and $5,200 at the end of each of the next th respectively. The other offer is the payment of one lump sum amount today. You are trying to decide which offer to accept given the fact thi discount rate is 9.7 percent. What is the minimum amount that you will accept today if you are to select the lump sum offer? Muitiple Choice $12,489 $10,378 $11,325 $18,086 $17,687