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Problem 6-5 Julia Baker died, leaving to her husband Chris an insurance policy contract that provides that the beneficiary (Chris) can choose any one of
Problem 6-5 Julia Baker died, leaving to her husband Chris an insurance policy contract that provides that the beneficiary (Chris) can choose any one of the following four options. Money is worth 2.50% per quarter, compounded quarterly. Compute Present value if: Click here to view factor tables (a) $57,600 immediate cash. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Present value 57600 (b) $4,000 every 3 months payable at the end of each quarter for 5 years. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to o decimal places, e.g. 458,581.) Present value s (c) $19,760 immediate cash and $1,976 every 3 months for 10 years, payable at the beginning of each 3-month period. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to O decimal places, e.g. 458,581.) Present value (d) $4,000 every 3 months for 3 years and $1,350 each quarter for the following 25 quarters, all payments payable at the end of each quarter. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Present values Which option would you recommend that Chris exercise
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