Question 18 5 pts Jenny just won the state lottery that offers a choice of payments. She may opt for either receiving $1,200,000 today or $1,700,000 at the end of ten years. If she can invest her funds at 3% annually, which is the better choice? The later payment since the present value of the $1,700,000 payment is $1,264,959,66, The later payment since $1,200,000 invested at 3% for ten years will be worth $1,560,000. The immediate payment since the present value of the $1.700,000 payment is $1,200,000 The earlier payment since the future value of $1,200,000 in ten years is $1,612,699.66 The earlier payment since the present value of the $2,000,000 payment is $876,000