one of the following three offers: A: $1,575 a month for 96 months B: $1,028 a month for 12 years. C: $102,000 as a lump sum payment today Calculate the present value of each of the offers, given a 7.7% return. $1,575 a month for 96 months: PV=$ $1,028 a month for 12 years: PV=$ $102,000 as a lump sum payment today: PV$ Allowed attempts: 3 You just received an insurance settlement offer related to an accident you had six years ago. The offer gives you a choice of one of the following three offers: A: $1.575 a month for 96 months B: $1,028 a month for 12 years C: $102,000 as a lump sum payment today You can earn 7.7 percent on your investments. You do not care if you personally receive the funds or if they are paid to your heirs should you die within the settlement period. Which one of the following statements is correct given this information? Option A is the best choice because it pays the largest total amount. Option B is the best choice because you will receive the most payments. Option A is the best choice because it is has the largest current value: Option C is the best choice because money today is inherently more valuable than future payments. Option A is the best choice as it provides the largest monthly payment