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Kevin won a lottery and has a choice of the following when money is worth 5.4% compounded annually: Option 1 $34 000 per year paid

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Kevin won a lottery and has a choice of the following when money is worth 5.4% compounded annually: Option 1 $34 000 per year paid at the end of each year for 12 years Option 2 $8 000 paid now, $37 000 after the second and third years, and $94 000 at the end of each of the remaining 2 years Please note, the numbers below represent a decision. 1 = Option 1 2 = Option 2 Please choose an option using these coded numbers. Select one: a. 2. 0 b. Calculation is within the margin of error: no decision can be made. C. 1

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