Q Search this course Ch 5- End of Chapter Problems - Part 2 Back to Assignment Attempts 3 Keep the Highest 3/4 3. Problem 5.21 (Evaluating Lump Sums and Annuities) eBook Problem Walk-Through Kristina just won the lottery, and she must choose among three award options. She can elect to receive a lump sum today of $64 million, to receive 10 end-of-year payments of $9.6 million, or to receive 30 end-of-year payments of $5.6 million. a. If she thinks she can earn 7% percent annually, which should she choose? -Select- b. If she expects to earn 8% annually, which is the best choice? -Select- c. If she expects to earn 9% annually, which option would you recommend? -Select- d. Explain how interest rates influence her choice. The higher the Interest rate, the more valuable it is to get money rapidly