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 678456 5% 0.823 0.784 0.746 0.711 0.677 0.645 Present Value of Annuity of $1 Periods 5% 3.546 4.329 5.076 5.786 6.463 7.108 456789 6% 0.792 0.747 0.705 0.665 0.627 0.592 6% 3.465 4.212 4.917 5.582 6.210 6.802 8% 0.735 0.681 0.630 0.583 0.540 0.500 8% 3.312 3.993 4.623 5.206 5.747 6.247 10% 0.683 0.621 0.564 0.513 0.467 0.424 10% 3.170 3.791 4.355 4.868 5.335 5.759 OA. $84,000 (lump sum) 7 years from now using a 6% discount rate B. $80,000 (lump sum) 7 years from now using an 8% discount rate C. $9,000 a year at the end of each of the next 6 years using a 6% discount rate OD. $53,500 (lump sum) now using a 6% discount rate

You won the lottery and have a couple of choices as to how to take the money. Which choice yields a greater present value? A. $84,000 (lump sum) 7 years from now using a 6% discount rate B. $80,000 (lump sum) 7 years from now using an 8% discount rate C. $9,000 a year at the end of each of the next 6 years using a 6% discount rate D. $53,500 (lump sum) now using a 6% discount rate