Shane has a retirement plan with an insurance company He can choose to be paid either 320 per month for 20 years or a lump sum of 35 000 Which is the better option Assume an annua interest rate of 12 Select the correct choice below and if necessary fill in the answer box to complete your choice OA The present value of the retirement plan is Round to the nearest cent as needed this is worse than the lump sum of 35 000 OB The present value of the retirement plan is Round to the nearest cent as needed OC The present value of the retirement plan is the same as the lump sum of 35 000 this is better than the lump sum of 35 000