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4 On a whim you purchased a scratch-off lottery ticket at the gas station. It must have been your lucky day because you won $3,000,000.
4 On a whim you purchased a scratch-off lottery ticket at the gas station. It must have been your lucky day because you won $3,000,000. Being logical and rational you decide to invest the money at 3% for 12 years until you are ready to start a family. At the end of 12 years, how much will your investment be worth? (Click the icon to view the future value of $1 table) (Click the icon to view the future value of annuity of $1 table.) OA. $4,407,000 OB. $4,278,000 OC $2,103,000 OD. $42,576,000 0000 to view the future value of annuity of $1 table.) Data table Future Value of $1 Periods 2% 3% 4% 5% 10 1.219 1.344 1.480 1.629 11 1243 1.384 1.539 1.710 12 1.268 1.426 1.601 1.796 13 1.294 1.469 1.665 1.886 14 1.319 1.513 1732 1.980 15 1.346 1.558 1.801 2.079 Print Done - X Data table Future Value of Annuity of $1 Periods 2% 3% 4% 5% 10 10.950 11.464 12.006 12.578 11 12 169 12.808 13.486 14.207 12 13.412 14.192 15.026 15.917 13 14.680 15.618 16.627 17.713 14 15.974 17.086 18.292 19.599 15 17.293 18.599 20.024 21.579 Print Done -X
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