Task $3$

Marks$)$

You just won a lottery and given following options to select you prize:

a$.$ Take home prize today: $100,000$ OMR.

b$.$ OMR $15,000$ every year for the next $10$ years.

c$.$ OMR $180,000$ at the end of $5$ years

d$.$ OMR $12,000$ every year forever

e$.$ OMR $5,000$ every year starting from next year which will grow at $5\%$ forever.

Your bank is paying you an interest rate of $9\%.$ Which option you will be better off?