+1 862 207 3288 Review the Time Value of Money simulation (link below). Which option did you initially choose, cash or annuity? How were your winnings affected by the cash option? How did this compare to the annuity option? If you won the lottery today, which option would you choose and why? https://ecampus.phoenix.edu/secure/aapd/ubam/libraries/Flash/TVM.swf
2. 100 WORDS-Jean will receive $8,500 per year for the next 15 years from her trust. If a 7% interest rate is applied, what is the current value of the future payments? Describe how you solved this problem, including which table (for example, present value and future value) was used and why.
