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You can receive the scholarship you won as a lump sum of $65,000 now. Alternatively,...

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Accounting

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You can receive the scholarship you won as a lump sum of $65,000 now. Alternatively, you can receive three instalments: $5,000 now, $35,000 in 9 months and another $35,000 in 21 months from today. If you could invest the money at 6.6% p.a compounding monthly, what is the advantage (in present day dollars) of receiving the money in instalments? Select one: O A. $5,000.00 O B. $4,506.29 OC. $8,790.00 OD. $10,000.00 Clear my choice Check

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