You won the lottery and have a couple of choices as to how to take the money Which choice yields a greater present value? Present Value of $1 Periods 5% 6% 8% 10% 4 0.823 0.792 0.735 0.683 5 0.784 0.747 0.681 0.621 6 0.746 0.705 0.630 0.564 7 0.711 0.665 0.583 0.513 8 0.677 0.627 0.540 0.467 9 0.645 0.592 0.500 0.424 Present Value of Annuity of $1 Periods 5% 4 3.546 5 4.329 6 5.076 7 5.786 6.463 9 7.108 6% 3.465 4.212 4.917 5.582 6.210 6.802 8% 3.312 3.993 4.623 5.206 5.747 6.247 10% 3.170 3.791 4.355 4.868 5.335 5.759 A. $83,000 (lump sum) 7 years from now using a 6% discount rate OB. $53,500 (lump sum) now using a 6% discount rate O C. $6,000 a year at the end of each of the next 6 years using a 6% discount rate O D. $84.000 (lump sum) 7 years from now using an 8% discount rate