Your aunt has offered you a choice of one of the three following alternatives: $20,000 now; $5,000 a year for five years; or $24,000 at the end of six years. Assuming you could earn 4 percent annually, which alternative should you choose if you follow time value of money principles?

Group of answer choices

a$20,000 now

bNo answer text provided.

c$24,000 at the end of six years

d$5,000 a year for five years;