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Question $3$

Consider the following options:

Option A: to receive $$27,156$ now

Option B: to receive $$71,214$ eight years from now

Option C: to receive $$5,512$ at the end of every year for the next ten years from now

Option D: to receive $$5,000$ now plus $$15,000$ two years from now, plus $$15,000$ four years from now and $$10,000$ seven years from now

Which of the following statements is TRUE if $i=16\%$ compounded annually?

Option C is better than Option A

Option B is better than Option D

Option D is better than Option A

Option B is better than Option C

Moving to another question will save this response. I need a quick check on my answer please