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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. $8,200 per year at the end of each of the next 8 years 2. $49,950 (lump sum) now 3. $99,400 (lump sum) 8 years from now Read the requirements. View the Present Value of $1 table. View the Present Value of Ordinary Annuity of $1 table. Requirement 1. Calculate the present value of each scenario using an 8% discount rate. Which scenario yields the highest present value? (Round the factors to three decimal places, X.XXX. Round the present value to the nearest whole dollar.) Scenario 1, 8% discount rate, Present value = Requirements 1. Calculate the present value of each scenario using an 8% discount rate. Which scenario yields the highest present value? Round to the nearest whole dollar. Present Value of $1 Present Value of Ordinary Annuity of $1

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