Question

27)Your grandfather has offered you a choice of one of the three following alternatives: $13,500 now; $6,500 a year for nine years; or $91,000 at the end of nine years. Use Appendix B and Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods.     a-1.Assuming you could earn 9 percent annually, compute the present value of each alternative: (Do not round intermediate calculations. Round your final answers to 2 decimal places.)

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