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Problem 8 (7 points) We won our lawsuit against Dewey, Cheetum, and Howe. We have four options for receiving our settlement: Option A: Receive $100,000
Problem 8 (7 points) We won our lawsuit against Dewey, Cheetum, and Howe. We have four options for receiving our settlement: Option A: Receive $100,000 today. Option B: Receive $108,000 on year from today. Option C: Receive $20,000 a year for 8 years Option D: Receive $10,000 a year for 30 years. We can invest our settlement at an interest rate of 8% compounded annually, which Option should we choose? You must show your work
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