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Please show work! QUESTION 33 You recently filed a successful lawsuit against a company. Today, you received three settlement options as follows: Option A: $10,000
Please show work!
QUESTION 33 You recently filed a successful lawsuit against a company. Today, you received three settlement options as follows: Option A: $10,000 on the last day of each year for 25 years Option B: $880 on the last day of each month for 25 years Option C: $119,830 as a lump sum payment today 6 points Save Answer You can earn 8 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 next 25 years. Briefly explain which option would you choose and why. Show your work to demonstrate your answer i.e. show either the formulas for your work and all calculations, or, if you are using a financial calculator list the values for N, i, Pymt, FV, PV. (6 marks)Step by Step Solution
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