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?

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