Betty is ready to retire and has a choice of three pension plans. Plan A provides for an immediate cash payment of $307,000. Plan B provides for the payment of $37,100 per year for 7 years and the payment of $200,000 at the end of year 7. Plan C will pay $36,800 per year for 7 years. Pearl desires a return of 9 percent.

Determine the present value of each plan.(Round present value factor calculations to 4 decimal places, e.g. 1.2151 and final answers to 2 decimal places, e.g. 125.25. Enter negative amounts using either a negative sign preceding the number e.g. -45.12 or parentheses e.g. (45.12).)

Present Value

Plan A $___________

Plan B $___________

Plan C $___________

Select the best one:

A: Plan A

B: Plan B

C: Plan C