As a winner of a breakfast cereal competition, you can choose one of the following prizes: a) 11,000 a year (forever) and starting NEXT year b) 12,000 a year (forever) and starting THIS year c) 3,000 next year and increasing thereafter by 2% a year forever d) 7,000 starting this year, geowing at 1% per annum e) 800,000 at the end of 20 years f) 6,000 a year for 5 years starting next year g) 1,000 a year starting this year for 12 payments h) 10,000 in year 2 and 50,000 in year 5

*If the interest rate is 5%, which is the most valuable prize? please show all work