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Your grandfather would like to share some of his fortune with you. He offers to...

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Accounting

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Your grandfather would like to share some of his fortune with you. He offers to give you money under one of the following scenarios (you get to choose): 1. $7,550 per year at the end of each of the next eight years 2. $48,350 (lump sum) now 3. $99,350 (lump sum) eight years from now (Click the icon to view Present Value of $1 table) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) Read the requirements Requirements 1. Calculate the present value of each scenario using a 6% discount rate. Which scenario yields the highest present value? Round to the nearest whole dollar. 2. Would your preference change if you used a 12% discount rate

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