Question: Please do it in Excel. Aldo is a lucky guy and just won the TGQ Lottery. They offered him three alternatives to receive the money:

Please do it in Excel.

Please do it in Excel. Aldo is a lucky guy and just

Aldo is a lucky guy and just won the TGQ Lottery. They offered him three alternatives to receive the money: (1) \$1 million today plus 16 yearly payments that increase by $350,000 per year, (2) a lump sum of $21 million now, or (3) nothing now, and 4 payments of $5 million per year starting in one year. If the interest rate is 6% a year, rank the three alternatives from the best to the worse, for him: A) (1)>(2)>(3) B) (2)>(3)>(1) C) (1)>(3)>(2) D) (3)>(1)>(2) E) (2)>(1)>(3) F) None of the above

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