(Solution) - As winner of a breakfast cereal competition you can choose -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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As winner of a breakfast cereal competition, you can choose one of the following prizes:
a. $100,000 now.
b. $180,000 at the end of five years.
c. $11,400 a year forever.
d. $19,000 for each of 10 years.
e. $6,500 next year and increasing thereafter by 5 percent a year forever. If the interest rate is 12 percent, which is the most valuable prize