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Jack Torrance comes to you for financial advice. He hired the Redrum Weed-N-Whack Lawn Service to trim the hedges in his garden. Because of the

Jack Torrance comes to you for financial advice. He hired the Redrum Weed-N-Whack Lawn Service to trim the hedges in his garden. Because of the large size of the project (the shrubs were really out of control), Redrum has given Jack a choice of four different payment options. Which of the following four options would you recommend that Jack choose? Why? 


• Option 1. Pay $5,650 cash immediately. 


• Option 2. Pay $6,750 cash in one lump sum two years from now. 


• Option 3. Pay $800 at the end of each quarter for two years. 


• Option 4. Pay $1,000 immediately plus $5,250 in one lump sum two years from now.

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