Sydney wins a prize. She has a choice of receiving a payment of $180,000 immediately or of receiving a deferred perpetuity with $10,000 annual payments, the first payment occurring in exactly four years. Which has a greater present value if the calculation is based on an annual effective interest rate of 4%? O receiving $180,000 immediately receiving a deferred perpetuity with $10,000 annual payments How about if the annual effective rate used is 5%? receiving $180,000 immediately O receiving a deferred perpetuity with $10,000 annual payments What real life considerations should enter into Sydney's choice besides maximizing her present value