Sheri recently inherited some money from the family. She wants to find the best way to invest the fund, after doing some research, Sheri found three appealing investment plans. All three plans request he same amount of investment to start with and have the same level of risk. The interest rate is 4.5%

plan a offers an annual income of 1600 for 10 years

plan b offers 300 each year for 12 years and a lump sum of 18000 at the end of the 12th year

plan c provides three payments... 3000 after three years, 4000 after 6 years, and 12000 at the end of the 9th year,

sheri doesnt know which plan she should invest her money in, she is asking you to help her find the best one among these here choices. You are asked to 1) do time value of money calculation for each investment plan 2) select the best variable one for her and 3 explain to her why it is the best choice,

to earn credit you must indicate all calculation inputs used (such as input value for n, I, pv, pmt, or fv), the value to be computed ( such as n,I,pv,pmt, or fv) and any needed calculation steps along with the calculated results