Personal Finance Problem P5-31 Value of a single amount versus a mixed stream Boris Miller has contracted to sell a piece of land that he owns, which has permission for a residential development. A property developer is willing to buy the land and has proposed two methods of pay- ment. The developer is willing to pay 150,000 now or a deferred payment over the next 4 years paying 40,000 at the end of year 1, 30,000 at the end of year 2, 50,000 at the end of year 3, and 60,000 at the end of year 4. Boris wants to use the proceeds at the end of year 5 to start a business and is concerned about future value of his receipts at the end of year 5. He can earn 4% annual interest from his investment account. Which alternative should Boris choose