Question: Please help me with solution for part B in this practice question. Please show me how it was solved step by step so I can

Please help me with solution for part B in this practice question. Please show me how it was solved step by step so I can practice it some more after this question. Wiley software is giving me a hard time solving it. I attached the question. Part A is answered but I need help with Part B

Please help me with solution for part B in this practice question.

Marilyn's parents have agreed to help her purchase a new car upon graduation in four years. They have given her two choices. The first choice is that they will give her $3,910 each year for the next four years for her to invest herself. The second choice is that they will wait four years and give her $17,320. Marilyn can invest the money at a 5% rate. *(a) Your answer is partially correct. Which option should Marilyn choose? (Round present value factor calculations to 4 decimal places, e.g. 1.2512 and final answers to 0 decimal places e.g. 58,971.) Present value Option 1 Option 2 $ 13864.6665 $ 14249.2069 Marilyn should take option 1 . Attempts: 1 of 1 used *(b) If Marilyn can invest the money at 7%, which options should she choose? (Round present value factor calculations to 4 decimal places, e.g. 1.2512 and final answers to 0 decimal places e.g. 58,971.) Option 1 $ Present value Marilyn should take [no answer] . Option 2 $

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