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Determine the present value

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Question -

Alex Meir recently won a lottery and has the option of receiving one of the following three prizes: (1) $62,000 cash immediately, (2) $19,000 cash immediately and a six-period annuity of $7,600 beginning one year from today, or (3) a six-period annuity of $12,500 beginning one year from today.

Assuming an interest rate of 6%, determine the Present value for the above options. (Use PVA of $1) (Round "PV Factors" to 5 decimal places and final answers to the nearest dollar amount.).

Reference no: EM131561714

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