Question: Question 2 (3.5 points) E-Il Peter won a lottery and must decide among the following options: a. $124,000 cash in 4 years b. $22,500 at

Question 2 (3.5 points) E-Il Peter won a lottery and must

Question 2 (3.5 points) E-Il Peter won a lottery and must decide among the following options: a. $124,000 cash in 4 years b. $22,500 at the end of every year for 12 years By how much the best offer exceeds the worst one based on the present value of the offer if money is worth 4.2% compounded semi-annually? Your Answer: Answer Previous Page Page 2 Of 3

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