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Congratulational You have won a state lottery. The state lottery offers you the following (after-tax) payout options: FF (Click the icon to view the payout
Congratulational You have won a state lottery. The state lottery offers you the following (after-tax) payout options: FF (Click the icon to view the payout options.) (Click the icon to view Present Value of $1 tablo) (Click the icon to view Present Value of Ordinary Annuity of 51 table.) Click the icon to view Future Value of $1 table.) Click the foon to view Future Value of Ordinary Annuity of 51 table.) Assuming you can eam 6% on your funds, which option would you prefer? The present value of the payout is: (Round your answers to the nearest whole dolar) Present value of the payout, Option #1 Data table Option #1: $15,000,000 after five years Option 12: $2,000,000 per year for five years Option 3: $13,000,000 after three years Print Done
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