I need the calculations also, only do by formula, so that i can learn. with concept please, answer is (c) i know, so explain pls only by formula

You have a choice of $2000 now or $250 now with $80 a month for 2 years. The nominal interest rate is 12% for the first situation and 10% for the second situation. Which situation would get a higher Annual Worth for you during these two years? What's the higher AW?

The second one; 91.54

The second one; 94.15

The first one; 94.15

The first one; 91.54