Two friends received major contract offers (Jackie & Jim)

Jackie received two endorsement offers Under Armour offers $50,000 to be paid, in a single payment, in 5 years and Nike negotiated a long-term deal that called for yearly payments to Jackie of $8,500 for 3 years. The risk of default with the Under Armour is higher, so a discount rate of 9% is applied as opposed to the 5% rate used for Nike. Which is the better endorsement offer? Explain

Jim is about to sign with the G-League, and her team is offering to defer some of her salary. You are her agent: assuming that Jim does not need money desperately, which would be the best decision for Jim (in terms of present value of future money)? (at 8% discount rate). Explain.

Option 1) $100,000 now

Option 2) $148,000 in 5 years

Option 3) $172,000 in 7 years

Who got the better offered contract?