After hearing a knock at your front door, you are surprised to see the Prize Patrol from a large, well-known magazine subscription company. It has arrived with the good news that you are the big winner, having won $30 million. You have three options: Receive $1.5 million per year for the next 20 years. . Have $10.5 million today. c. Have $2.25 million today and recelve $1,200,000 for each of the next 20 years. our financial adviser tells you that it is reasonable to expect to earn 13 percent on investments. lequired: 1. Calculate the present value of each option, (Euture Value of \$1. Present Value of \$1. Euture Value Annuity of \$1, Prosent Value Annuity of $1. Determine which option you prefer. Complete this question by entering your answers in the tabs below. Calculate the present value of each option. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) Note: Use appropriate factor(s) from the tables provided. Round your final answer to the nearest whole doliar. Enter your answers in dollars, not in milions Required: 1. Calculate the present value of each option. (Future Value of \$1. Present Value of S1, Euture Vaive Annuity of \$1, Present Value Annuity of 51 ) 2. Determine which option you prefer: Complete this question by entering your answers in the tabs below. Calculate the present value of each option. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) Note: Use agpropriate factor(s) from the tables provided. Round your final answer to the nearest whole doliag: Enter your answers in dollars, not in milions. Required: 1. Calculate the present value of each option. (Future Value of $1. Present Value of $1. Future Value Annuity of $1, Present Value Annuity of \$1.) 2. Determine which option you prefer. Complete this question by entering your answers in the tabs below. Determine which option you prefer. After hearing a knock at your front door, you are surprised to see the Prize Patrol from a large, well-known magazine subscription company. It has arrived with the good news that you are the big winner, having won $30 million. You have three options: Receive $1.5 million per year for the next 20 years. . Have $10.5 million today. c. Have $2.25 million today and recelve $1,200,000 for each of the next 20 years. our financial adviser tells you that it is reasonable to expect to earn 13 percent on investments. lequired: 1. Calculate the present value of each option, (Euture Value of \$1. Present Value of \$1. Euture Value Annuity of \$1, Prosent Value Annuity of $1. Determine which option you prefer. Complete this question by entering your answers in the tabs below. Calculate the present value of each option. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) Note: Use appropriate factor(s) from the tables provided. Round your final answer to the nearest whole doliar. Enter your answers in dollars, not in milions Required: 1. Calculate the present value of each option. (Future Value of \$1. Present Value of S1, Euture Vaive Annuity of \$1, Present Value Annuity of 51 ) 2. Determine which option you prefer: Complete this question by entering your answers in the tabs below. Calculate the present value of each option. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) Note: Use agpropriate factor(s) from the tables provided. Round your final answer to the nearest whole doliag: Enter your answers in dollars, not in milions. Required: 1. Calculate the present value of each option. (Future Value of $1. Present Value of $1. Future Value Annuity of $1, Present Value Annuity of \$1.) 2. Determine which option you prefer. Complete this question by entering your answers in the tabs below. Determine which option you prefer
