You have won the church spring raffle. You are presented with three price choices, and you must pick the best one. The discount rate if 8%. Choice 1 = $4,800 payment one year from now; Choice 2 = 5 payments of $1,200 starting at the end of this year; Choice 3 = $1,000 payment today and $4,500 at the end of year 4.

(PLEASE NO ANSWERS USING EXCEL)

I need to know n, i, pmt, pv and fv. Thank you!