I have $300000 to invest after winning a lottery and have the following offers from various people.
1. $50000 per year for 10 years.
2. $400000 to be paid on this same date in the year of the next U.S. presidential election.
3. $20000 per year to be paid the rest of my life (using 50 years as the approximate time to be paid)
4. A friend that has no money says he wrote me a check for $1000000 and put it in the mail several years ago and wants to know if I received it.
5. $500000 to be paid on this same date in 5 years.
I want to make 14 percent annual return on this money.
After judging uncertainty which offer should I take? Explain why.