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Question 4 (of 6) Save & Ext 4 1.66 points value Answer each of the following independent questions Alex Meir recently won a lottery and
Question 4 (of 6) Save & Ext 4 1.66 points value Answer each of the following independent questions Alex Meir recently won a lottery and has the option of receiving one of the following three prizes (1) $72,000 cash immediately, (2) $25,000 cash immediately and a six-period annuity of $8,200 beginning one year from today, or (3) a six-period annuity of $14,100 beginning one year from today (FV of $1. PV of $1 A of $1. FVAD ot $1 and PVAD of $1) (Use appropriate factoris) from the tables provided.) 1-a. Assuming an interest rate of 5%, determine the PV value for the above options ediate Cash PV Option PV Annuity Payment Option 1 Option 2 Option 3 pe here to search
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