You have just found the apartment of your dreams. Before you sign the two-year lease, you have to decide how to pay your rent. Your landlord has given you three options: (1) monthly payments of $650.00 each at the end of the month for 24 months with interest compounded monthly; (2) yearly payments of $7,600, one today and one at the end of twelve months with interest compounded annually; or (3) $15,000 today. You can borrow and invest at an interest rate of 12%. Which option would you choose? Why?