Business, 15.04.2021 20:30 needsdarkness6016

"Alex Meir recently won a lottery and has the option of receiving one of the following three prizes: (1) $78,000 cash immediately, (2) $28,000 cash immediately and a six-period annuity of $8,600 beginning one year from today, or (3) a six-period annuity of $15,200 beginning one year from today. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 1. Assuming an interest rate of 5%, determine the present value for the above options. Which option should Alex choose?"

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"Alex Meir recently won a lottery and has the option of receiving one of the following three prizes:...