Please verify using a financial calculator [N, I/TR, PMT, PV, FV] values ans explain any discrepancies

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question: You have won the church spring raffle. You are presented with three price choices, and you must pick the best one. The discount rate if 8%. Choice 1 = $4,800 payment one year from now; Choice 2 = 5 payments of $1,200 starting at the end of this year; Choice 3 = $1,000 payment today and $4,500 at the end of year 4.

option 1: no calculation required bexause they are telling you how much you are to receive >>> $4800

option 2: Best choice: $7039.92

N=5

I/YR=8

PMT=1200

PV=n/a

FV=7039.92

option 3: no calculation required because you are told how much you are going to receive >>> $ 1000 + $4500 = $5500