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11 of 4 Congratulations! You have won a state lottery. The state lottery offers you the following (after-tax) payout options: (Click the icon to
11 of 4 Congratulations! You have won a state lottery. The state lottery offers you the following (after-tax) payout options: (Click the icon to view the payout options.) Click the icon to view Present Value of $1 table.) (Click the icon to view Future Value of $1 table.) AW Score: 51.33%, 2.57 of 5 points O Points: 0 of 1 (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Assuming you can eam 8% on your funds, which option would you prefer? The present value of the payout is: (Round your answers to the nearest whole dollar) Present value of the payout, Option #1: Save
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