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URGENT PLEASE HELP! you just won the lottery! The bad news is there are three different Paleo options and you need to choose the option
URGENT PLEASE HELP!
Option 1: An immediate lump sum of $355,000; Option 2: $2,000 per month to be received at the end of this month and every month thereafter for 30 years in total Option 3: $20,000 to be received one year from now and every year thereafter... forever you just won the lottery! The bad news is there are three different Paleo options and you need to choose the option with the greatest present value. What is the present value of each option and which option do you choose? In choosing the best option, assume that your annual discount rate is 5.5%. show work
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