on.com/ext/map/index.html?con conexternal browser=0&aunchilahti253A%2521%252Fims meducation.com lube Maps MIK 20) seed Odbooks hapter 5 Homework 5 3 its Alex Melr recently won a lottery and has the option of receiving one of the following three prizes: (1) $72.000 cash immediately. (2) $25,000 cash immediately and a six-period annuity of $8,200 beginning one year from today, or (3) a six-period annuity of $14100 beginning one year from today. (EVOL.S. PV OLSU, EVA of S1. PVA of S1, EVAD of S1 and PVAD ESI (Use appropriate factors) from the tables provided.) 1. Assuming an interest rate of 5%, determine the present value for the above options. Which option should Alex choose? 2. The Welmer Corporation wants to accumulate a sum of money to repay certain debts due on December 31, 2030. Weimer will make annual deposits of $135.000 into a special bank account at the end of each of 10 years beginning December 31 2021 Assuming that the bank account pays 6% Interest compounded annually, what will be the fund balance after the last payment is made on December 31. 2030? 8. 00:26:29 Complete this question by entering your answers in the tabs below. ferences Required 1 Required 2 Assuming an interest rate of 5%, determine the present value for the above options. Which option should Alex choose? (Round your final answers to nearest whole dollar amount.) PV Annuity Immediate Cash PV Option Annuity Payment Option 1 Option 2 Option 3 Which option should Alex choose Required 2 > here to search 0 RI