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I will like your answer! Exercise 11 Mr. Goodey...

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Finance

I will like your answer!
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Exercise 11 Mr. Goodey is about to retire and his firm has just sent him the following three offers: Offer 1: Pay him or his beneficiaries $17000 per year forever starting the time he retires. Offer 2: Pay him or his beneficiaries 24 annual payments growing at 6.66% with the first payment being $20000 and will be made one year after he retires. Offer 3: Pay him or his beneficiaries infinite annual payments growing at 1.2% with the first payment being $17000 and will be made in 8 years after he retires. Rank the three offers from best to worst if the APR = 4.8%. (15 pts) (E) 3 Best: Second best: Worst: (A) 1 2 3 (B) 1 3 2 (C) 2 1 3 (D) 2 3 (F) 3 2 1 1 2 1

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