Let's review the Present Value concept. Assume you own a boat$/$RV storage facility: You have the option of selling it right now for a one$-$sime payment of $$1,150,000,$ or you can continue recelving rental income at a rate of $$120,000$ per year for the next $10$ years. With a discount rate of $5\%,$ which option has the higher present value? $(3)($Enter PMT$,$ V$,$ N and CPT PV for the income stream, and compare it to the one time payment$)$

Given your answer to Q$2,$ what would you choose? If you receive an up$-$fiont payment, you have those funds to invest for a yearly income. What would your personal preference be$?(3)$