You have just won a television contest Who knows more. as a winner , they allow you to choose one of the following 5 grand prizes: a) $210,000 now b) $345,000 after 5 years c) $24,000 per year for a lifetime d) $36,000 for each of the next 10 years e) $18,000 next year and then increase by 3% per year for the entire life (perpetual)

If the interest rate is 12% per year, which reward is the best? Justify your response