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You have been offered a choice of 3 options: Option 1 - $15,000 now Option 2 - $7,000, $6,000 and $5,000 at the end of

You have been offered a choice of 3 options:

Option 1 - $15,000 now

Option 2 - $7,000, $6,000 and $5,000 at the end of each year for 3 years respectively

Option 3 - $19,000 at the end of year 3 Using a discount rate of 9% compounded annually,

which should you choose?

Option 1

Option 2

Option 3

Can't be determined given the information provided.

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