You have just won the Nhlega Gillions jackpot. The jackpot was $$100$ million. Your choices are to receive your prize in equal

installments over $30$ years, or take an immediate check for $$48\mathrm{.}8$ million. Leaving out the effect of taxes, and assuming you can

earn $5\mathrm{.}4\%$ on any money you invest now, which is the optimal option from a finance perspective?

Multiple Choice

Immediate payment

Installments

The value of each option is the same

Cannot determine based on the information given