Question: Please answer as quickly as possible and correctly and I will give a thumbs up all steps do NOT have to be shown as long
Please answer as quickly as possible and correctly and I will give a thumbs up all steps do NOT have to be shown as long as the final answer is correct, thank you.
Aria, a computer engineer has developed an app for video file compression. A software company wants to purchase this app and offers the engineer two payment options. Option A: Payment of $200,000 for the first year and decrease by $15,000 per year thereafter for totally 10 years (i.e., last payment at year 10 is $65,000) Option B: A lump-sum payment now in the amount of $1,000,000. If the market interest rate is 4% per year, find the Present Value of payment Option A and decide which option should be selected. PW A=$1,069,560. and Option-A should be selected PA=$1,113,955. and Option-A should be selected PA=$1,225,045. and Option-A should be selected PA=$988,982. and Option-B should be selected PA=$969,045. and Option-B should be selected
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