You won the lottery and have a number of choices as to how to take the money. Which choice yields a greater present value?

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(Click the icon to view the present value of $1 table.)

Present Value of $1

Periods	5%	6%	8%
4	0.823	0.792	0.735
5	0.784	0.747	0.681
6	0.746	0.705	0.630
7	0.711	0.665	0.583
8	0.677	0.627	0.540
9	0.645	0.592	0.500

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Present Value of Annuity of $1

Periods	5%	6%	8%
4	3.546	3.465	3.312
5	4.329	4.212	3.993
6	5.076	4.917	4.623
7	5.786	5.582	5.206
8	6.463	6.210	5.747
9	7.108	6.802	6.247

(Click the icon to view the present value of annuity of $1 table.)

A.

$90,000 (lump sum) 7 years from now using a 6% discount rate

B.

$92,000 (lump sum) 7 years from now using an 8% discount rate

C.

$12,000 a year at the end of each of the next 6 years using a 6% discount rate

D.

$53,500 (lump sum) now