You win a "Scratch OLG Lottery" and are given $3$ options to

receive your financial winnings. Using a cost of money of $6\%$

compounded annually, discount the cashflows of each option and

determine which is higher. $(16\mathrm{.}1)$

a$)$ $$50,000$ today and $$50,000$ in $3$ years from today.

b$)60,000$ in $1$ years from today and $$40,000$ in $4$ years from today

c$)$ Receive an annuity of $$7,900$ year end payments for $20$ years.