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You won a 1.5 million lottery. You are given the following options to get paid on your winnings, If you can earn 12% rate with

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You won a 1.5 million lottery. You are given the following options to get paid on your winnings, If you can earn 12% rate with monthly compound ing on your irivestinents, which option would you choose? Find each option's present value (PV) and then choose which option is the best one, (For your answer, no commas, no units, and round to the nearest integer. In other words, no decimals and only numbers. - OPTION A: recelve $20.000 per month at the end of each month untill 60 h month, $30,000 per month from 61 st month until 70 th month. - PV of this option would be - OPTION B: receive dO\% of your winning today as a lump sum payment (40\% is used toward taxes) - PV of this option would be - OPTION C: receive 25,000 per month at the end of each month for the next 5 years - PV of this option would be - OPTION D: recelve 24,000 per month at the beginning of each month for the next 5 years - PV of this option would be - OPTION E: receive 90% of your winnine 2 vears from now as a lump sum payment a PVo this option would be All in all, Option is the best deal

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