Instructions: Write the answers in the blanks provided or in the spaces below each question. You may expand the spaces for more space, but your answers must be hand-written. All math questions must have work included. A big part of your grade will depend on whether or not you answered ALL of the parts of each question. So, I will grade both for participation and accuracy. If you are not sure of an answer, try to include a reasonable answer for each question. Once again, answer ALL parts to all questions. You may attach or include additional pages with your work but keep everything in order 1. A person is about to retire and must choose between three retirement plans options. One provides $100,000 per year (beginning one year from today) for the remainder of his life. Another provides two thirds of this amount (beginning two years from today) and increases by 5% each year. A third option gives him a $500,000 lump sum settlement. If his remaining life expectancy is ten years (ie, ten total payments after retirement), the prime interest rate is 11%, and he can ignore taxes, what are the two best options? Place Answer in Blank Above