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As the beneficiary of a life insurance policy, you have two options for receiving the insurance...

As the beneficiary of a life insurance policy, you have two options for receiving the insurance proceeds. You can receive a lump sum of $250,000 today or receive payments of $2,100 a month for 18 years. If you can earn 6 percent (APR) on your money, which option should you take and why?

A.

You should accept the payments because they are worth $453,600 today.
B.

You should accept the payments because they are worth $276,986 today.
C.

You should accept the payments because they are worth $250,102 today.
D.

You should accept the $250,000 because the payments are worth only $248,857 today
E.

You should accept the $250,000 because the payments are worth only $195,413 today
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