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3. You have just won a jack pot lottery woth of K1000,000. You have been offered the following aptions: |10 MARKS| - Option A: ten
3. You have just won a jack pot lottery woth of K1000,000. You have been offered the following aptions: |10 MARKS| - Option A: ten equal instatments payable at the end of each year. - Option B: K200.000 is down payment and the balance payable oyer fifteen equal instalments payahle at the end of each year. - Option C: to be paid in two instalments over a period al 10 years Assuming a discount rate of 10%, which option would you prefer' Show your workinges
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