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You received a surprise notification from an attorney that you are the beneficiary of a payout from the estate of a long lost relative. You
You received a surprise notification from an attorney that you are the beneficiary of a payout from the estate of a long lost relative. You must chose one of the following three options of how you will receive the payout. Determine the value of each option. Then indicate your preferred choice. Assume that you can invest your money at 5.2% APR> Option #1 $800 per month for 20 years beginning immediately Option #2 Option #3 $3,200 per $19,200 per year quarter for 15 for 10 years years beginning beginning in one in three months year Rate Nper PMT PV FV Type
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