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Taylor won the lottery; however, the lottery company gave her the following two options to...

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Accounting

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Taylor won the lottery; however, the lottery company gave her the following two options to receive her prize money: Option (a): $10,000 in three months and $15,000 in nine months. Option (b): $6,000 immediately and $23,000 in twelve months. Assume that money earns 4.75% p.a. simple interest and use today as the focal date. a. What was the equivalent value of the payments under option (h) at the focal date? $0.00 Round to the nearest cent b. What was the equivalent value of the payments under option (b) at the focal date? $0.00 Round to the nearest cent > SAVE PROGRESS SUBMIT ASSIC MacBook PIL

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