Question 3 12.5 pts You are comparing two investment options that each pay 6 percent interest, compounded annually. Both options will provide you with $12,000 of income. Option A pays $2,000 the first year followed by two annual payments of $5,000 each. Option B pays three annual payments of $4,000 each. Which one of the following statements is correct given these two investment options? Assume a positive discount rate. Which option has a higher present value? Show the calculations of the present value for both options. Edit View Insert Format Tools Table 12pt Paragraph BI ALT: Question 4 12.5 pts Island News purchased a piece of property for $1.36 million. The firm paid a down payment of 12 percent in cash and financed the balance. The loan terms require monthly payments for 10 years at an annual percentage rate of 4.75 percent, compounded monthly. What is the amount of each mortgage payment? Edit View Insert Format Tools Table 12pt V Paragraph BI y A4 Tv