1 Explain the time vahue of money principle and also identify the underlying assumption of that principle. 2Explain the similarities and differences among an ordinary annuity, an annuity due, and a perpetuity. 3 Jesse just won the state lottery. He has been given the option of receiving either S66.4 million today or $5 million a year for the next 30 years, with the first payment paid today. Describe the process that Jesse should use to determine which payment option he prefers. Ignore all taxes and assume that Jesse will live for at least 45 more years