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For your 50th birthday, your rich uncle has decided to make you an extremely generous gift. He is giving you $1 million! You have several

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For your 50th birthday, your rich uncle has decided to make you an extremely generous gift. He is giving you $1 million! You have several options for receiving the money: Receive a $1 million lump sum payment Receive a 10-year annuity for $105,000 per year starting on your 51st birthday Receive a perpetuity of $50,000 per year for the rest of your life starting on your 50th birthday 3. In a 4- to 5-sentence discussion post, provide answers to the following questions: Which option would you choose? What are the pros and cons of each option

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