As the beneficiary of a life insurance policy, you have two options for receiving the insurance proceeds. You can receive a lump sum of $200,000 today or receive payments of $1,500 a month for 20 years. If you can earn 5 percent on your money, which option should you take and why? You should accept the payments because they are worth $227,288 to you today You should accept the payments because they are worth $209,371 to you today You should accept the payments because they are worth $189,361 to you today You should accept the $200,000 because the payments are only worth $189,361 to you today You should accept the $200,000 because the payments are only worth $181,830 to you today