Question: Please help me find option 2 for each scenario. Anthony has just won the Flyball Lottery. He has two options for receiving his prize. The

Please help me find option 2 for each scenario.
Anthony has just won the Flyball Lottery. He has two options for receiving his prize. The first option is to accept a $133,000 cash
payment today. The second option is to receive $20,000 at the end of each of the next 19 years and a $33,500 lump sum payment in
the 20th year. Anthony can invest money at a 11% rate.
(a) Calculate the present value of the two options. (For calculation purposes, use 4 decimal places as displayed in the factor table provided
and round final answer to 0 decimal place, e.g.58,971.)
Present Value
Option 1
Option 2
Which option should Anthony choose to receive his winnings?
(b) If Anthony could invest money at 14%, calculate the present value of the two options. (For calculation purposes, use 4 decimal places
as displayed in the factor table provided and round final answer to 0 decimal place, e.g.58,971.)
Present Value
Option 1
Option 2
Which option should he choose?
 Please help me find option 2 for each scenario. Anthony has

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