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A man can sell his business for $ 8 0 0 , 0 0 0 cash or for $ 1 2 5 , 0 0

A man can sell his business for $800,000 cash or for $125,000 plus $121,000 at the end of each year for 9 years.
a. Find the present value of the annuity that is offered if money is worth 10%, compounded annually.
b. If he takes the $800,000, spends $125,000 of it, and invests the rest in a 9-year annuity at 10%, compounded annually, what size annuity payment will he receive at the end of each year?
c. Which is better, taking the $125,000 and the annuity or taking the cash settlement?
a. Find the present value of the annuity that is offered if money is worth 10%, compounded annually.
$ (Type an integer or decimal rounded to the nearest cent as needed.)
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