Instructions: Using Financial Formulas in Excel, answer the following problems in a single Excel worksheet. Round to the nearest dollar. You must turn in an Excel document. 8. Your grandparents offered you some money via the following options. Assuming an annual interest rate of 8%, which option should you choose? Show your work. a. Receive $12,000 immediately b. Receive $1,000 at the end of each six months for six years. This results in payments totaling $12,000. You will receive the first check in six months. c. Receive $800 at the end of each year for three years, and then $8,000 at the end of the fourth year. This results in payments totaling $10,400