A lottery offers two options for the prize.(7 marks)

Option A:$1000 a week for life.

Option B:$1 000 000 in one lump sum.

If you choose Option B, you have the opportunity to place the winnings into an investment that also makes regular payments, at a rate of 3%/a, compounded weekly. The annuity will pay out a specific amount weekly based on how long you want the annuity to last.

a. Which option would the winner choose if you expect to live for another:

i. 20 years?

ii. 50 years?

b. Use technology to determine the range of life expectancies when each option is preferred.Sh0w your work.

c. reflect which option is good and why

A IS COMPLETE BUT B I AM SOOO LOST FOR B. MY TEACHER SAID "You can use online calculators, excel etc to find the value."

and c im so confused which option

I HAVE BEEN STUCK ON THIS ONLINE MATH ASSIGNMENT QUESTION FOR 4 MONTHS.