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You just won the El Chapo Lottery and now you have a choice of payout plans PAYOUT 1: You may elect to receive a lump

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You just won the El Chapo Lottery and now you have a choice of payout plans PAYOUT 1: You may elect to receive a lump sum of $5,000 kwenty-five years from today. PAYOUT 2: You can take $2,000 today PAYOUT 3: You may choose to receive 10 annual payments of $500 with the first payment given to you four years from today You have no immediate need for the money, so will put any and all cash flows that you receive into a special bank account which pays you 4% compounded annually. What would be the amount in your bank account at the end of twenty-five years for each of the three payout options

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