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P6-5 (L02,4) (Analysis of Alternatives) Julia Baker died, leaving to her husband Brent an insurance policy contract that provides that the beneficiary (Brent) aose any

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P6-5 (L02,4) (Analysis of Alternatives) Julia Baker died, leaving to her husband Brent an insurance policy contract that provides that the beneficiary (Brent) aose any one of the following four options (a) $55,000 immediate cash. (b) $4,000 every 3 months payable at the end of each quarter for 5 years (c) $18,000 immediate cash and $1,800 every 3 months for 10 years, payable at the beginning of each 3-month period. (d) $4,000 every 3 months for 3 years and $1,500 each quarter for the following 25 quarters, all payments payable at the end of each quarter. Instructions If money is worth 2 % per quarter, compounded quarterly, which option would you recommend that Brent exercise

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