You have a policy with a cash value of $$250,000$ which you wish to annuitize. You are currently $62$ years$-$old and your spouse is $58.$ Interest rates are $5\%$ per year, and you are considering receiving monthly payments under three options.

In option $1,$ you will receive $10$ years of monthly payments.

$$ With option $2,$ you will receive a monthly payment until you die, which is expected to be in $14$ years.

$$ With option $3,$ you will receive a monthly payment until both you and your spouse die. Your spouse is expected to outlive you by $8$ years.

How much will you receive per month with each option $($ignoring administrative costs and fees$)$ also add the cash flow.