Comparison of Alternatives Jane Bauer has won the lottery and has the following four options for receiving her winnings:
1. Receive $100,000 at the beginning of the current year
2. Receive $108,000 at the end of the year
3. Receive $20,000 at the end of each year for eight years
4. Receive $10,000 at the end of each year for 30 years Jane can invest her winnings at an interest rate of 8% compounded annually at a major bank. Which of the payment options should Jane choose?