After completeing a long and successful career as senior vice president for a large bank, you ate preparing for retirement. Visiting the human resource office you find that you have seceral retirement options (1) you can recieve an immediate cash payment of $1300000 (2) you can recieve $92000 per year for life (you have a 25 year life expectancy) or (3) you can recieve $90099 per year for 12 years and then $100032 per year for 13 years. Ypu have determined that you can earj 5% on your investment. what is the present value of the most valuable option?

After completing along and successful career as senior vice president for a large bank you are preparing for retirement Vising the human resource office you find that you are several retirement option() you can receive an immediate cash payment of 100000, 12) you can receive 192000 per year for life you uve a life expect any of 25 years or you can receive 5900 per year for 12 years and then 3100032 per year for 18 years this option is intended to give you some protection agnitions you have determine that you can earn on your investment. What is the present walue of the most valuable option? 3