Jessica has just won a game organized by her community. As a reward, she needs to choose among three options: (A) She can choose to receive a lump-sum today of $55, (B) to receive 10 end-of-year payments of $9, or (C) to receive 30 end-of-year payments of $5. If we assume that she can earn 6% annually which option should she choose?

Crissie just won the lottery, and she must choose between three award options. She can select to recevie a lump sum of $61, To receive 10 payments of $9.5, or to recieve 30 payments of $5.5. If she expects to earn 9% quarterly, which option would you recommend and why?

Rinoa won a lottery. She will have a choice of receiving $30,000 at the end of each year for the next 20 years, or a lump-sum payment of $200,000 today. If she can earn a return of 12 percent on any investment she makes, should she choose the cash (lump-sum) option or the annual payment option?