Mark comes to you for financial advice. Mark is looking to hire a consulting firm to help him with a project he is contemplating. The consulting firm has given mark a choice of four different options. Mark can earn an annual interest rate of 8% compounded quarterly. Which of the four following four options would you recommend that Mark choose? Why?
a) Pay $5,650 each immediately
b) Pay $6,750 in one lump sum two years from now
c) Pay $800 at the end of each quarter for two years
d) Pay $1,000 immediately plus $5,250 in one lump sum two years from now