You are 60 years old right now and you want to retire. You expect to live until you are 90 years old. The annual interest rate is 11%. You are offered the following options, which one will you prefer? A. Payment of 500,000 at the end of 10 years, 800,000 at the end of 15 years, and 1 Million at the end of 18 years.

B. One lump sum payment at the end of 20 years of 3.25 Million .

C. Receive today 550,000 . D. A yearly payment of 65,000 (starting at the end of the first year) for the next 28 years.