Engineering economy

n) shua Lacey set the track record in a meet at isSu. For this achievemenn,he 5. Mr. ns to e a $250 cash prize paid immediately or $30 per year for 10 years.We iready hars for now so he decided on the 10 annual installiments.Mowever,te is consderie the following two investment options: Save the winnings for the first 3 years and then spend every cent of the winings in the remaining 7 years. b. Spend everything for the first 3 years then save the remaining 7 years. Draw the cash flow diagram for each option. Also, if Bank plus is advertising that they can give him a savings ROR of 11% ould each option payout after the installments end? (10 pts) per year,how much