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 Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Assuming you can earn 12% 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: Pracant Value of $1 \begin{tabular}{|l|l|l|l|l|l|l|l|l|l|l|l|l|l|l|l|l|} Period 29 & 0.749 & 0.563 & 0.424 & 0.321 & 0.243 & 0.185 & 0.141 & 0.107 & 0.082 & 0.063 & 0.037 & 0.022 & 0.017 & 0.014 & 0.008 & 0.005 \\ Period 30 & 0.742 & 0.552 & 0.412 & 0.308 & 0.231 & 0.174 & 0.131 & 0.099 & 0.075 & 0.057 & 0.033 & 0.020 & 0.015 & 0.012 & 0.007 & 0.004 \\ Period 40 & 0.672 & 0.453 & 0.307 & 0.208 & 0.142 & 0.097 & 0.067 & 0.046 & 0.032 & 0.022 & 0.011 & 0.005 & 0.004 & 0.003 & 0.001 & 0.001 \\ Period 50 & 0.608 & 0.372 & 0.228 & 0.141 & 0.087 & 0.054 & 0.034 & 0.021 & 0.013 & 0.009 & 0.003 & 0.001 & 0.001 & 0.001 & & \\ \hline \end{tabular} Present Value of Ordinary Annuity of \$1 \begin{tabular}{|l|l|l|l|l|l|l|l|l|l|l|l|l|l|l|l|l|} Period 30 & 25.808 & 22.396 & 19.600 & 17.292 & 15.372 & 13.765 & 12.409 & 11.258 & 10.274 & 9.427 & 8.055 & 7.003 & 6.566 & 6.177 & 5.517 & 4.979 \\ Period 40 & 32.835 & 27.355 & 23.115 & 19.793 & 17.159 & 15.046 & 13.332 & 11.925 & 10.757 & 9.779 & 8.244 & 7.105 & 6.642 & 6.233 & 5.548 & 4.997 \\ Period 50 & 39.196 & 31.424 & 25.730 & 21.482 & 18.256 & 15.762 & 13.801 & 12.233 & 10.962 & 9.915 & 8.304 & 7.133 & 6.661 & 6.246 & 5.554 & 4.999 \\ \hline \end{tabular} Future Value of \$1 \begin{tabular}{|l|l|l|l|l|l|l|l|l|l|l|l|l|l|} \hline Period 30 & 1.348 & 1.811 & 2.427 & 3.243 & 4.322 & 5.743 & 7.612 & 10.06 & 13.27 & 17.45 & 29.96 & 50.95 & 66.21 \\ Period 40 & 1.489 & 2.208 & 3.262 & 4.801 & 7.040 & 10.29 & 14.97 & 21.72 & 31.41 & 45.26 & 93.05 & 188.9 & 267.9 \\ Period 50 & 1.645 & 2.692 & 4.384 & 7.107 & 11.47 & 18.42 & 29.46 & 46.90 & 74.36 & 117.4 & 289.0 & 700.2 & 1,084 \\ \hline \end{tabular} Future Value of Ordinary Annuity of \$1 \begin{tabular}{|l|l|l|l|l|l|l|l|l|l|l|l|l|l|} \hline Period 30 & 34.78 & 40.57 & 47.58 & 56.08 & 66.44 & 79.06 & 94.46 & 113.3 & 136.3 & 164.5 & 241.3 & 356.8 & 434.7 \\ Period 40 & 48.89 & 60.40 & 75.40 & 95.03 & 120.8 & 154.8 & 199.6 & 259.1 & 337.9 & 442.6 & 767.1 & 1,342 & 1,779 \\ Period 50 & 64.46 & 84.58 & 112.8 & 152.7 & 209.3 & 290.3 & 406.5 & 573.8 & 815.1 & 1,164 & 2,400 & 4,995 & 7,218 \\ \hline \end{tabular} 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 Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Assuming you can earn 12% 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: Pracant Value of $1 \begin{tabular}{|l|l|l|l|l|l|l|l|l|l|l|l|l|l|l|l|l|} Period 29 & 0.749 & 0.563 & 0.424 & 0.321 & 0.243 & 0.185 & 0.141 & 0.107 & 0.082 & 0.063 & 0.037 & 0.022 & 0.017 & 0.014 & 0.008 & 0.005 \\ Period 30 & 0.742 & 0.552 & 0.412 & 0.308 & 0.231 & 0.174 & 0.131 & 0.099 & 0.075 & 0.057 & 0.033 & 0.020 & 0.015 & 0.012 & 0.007 & 0.004 \\ Period 40 & 0.672 & 0.453 & 0.307 & 0.208 & 0.142 & 0.097 & 0.067 & 0.046 & 0.032 & 0.022 & 0.011 & 0.005 & 0.004 & 0.003 & 0.001 & 0.001 \\ Period 50 & 0.608 & 0.372 & 0.228 & 0.141 & 0.087 & 0.054 & 0.034 & 0.021 & 0.013 & 0.009 & 0.003 & 0.001 & 0.001 & 0.001 & & \\ \hline \end{tabular} Present Value of Ordinary Annuity of \$1 \begin{tabular}{|l|l|l|l|l|l|l|l|l|l|l|l|l|l|l|l|l|} Period 30 & 25.808 & 22.396 & 19.600 & 17.292 & 15.372 & 13.765 & 12.409 & 11.258 & 10.274 & 9.427 & 8.055 & 7.003 & 6.566 & 6.177 & 5.517 & 4.979 \\ Period 40 & 32.835 & 27.355 & 23.115 & 19.793 & 17.159 & 15.046 & 13.332 & 11.925 & 10.757 & 9.779 & 8.244 & 7.105 & 6.642 & 6.233 & 5.548 & 4.997 \\ Period 50 & 39.196 & 31.424 & 25.730 & 21.482 & 18.256 & 15.762 & 13.801 & 12.233 & 10.962 & 9.915 & 8.304 & 7.133 & 6.661 & 6.246 & 5.554 & 4.999 \\ \hline \end{tabular} Future Value of \$1 \begin{tabular}{|l|l|l|l|l|l|l|l|l|l|l|l|l|l|} \hline Period 30 & 1.348 & 1.811 & 2.427 & 3.243 & 4.322 & 5.743 & 7.612 & 10.06 & 13.27 & 17.45 & 29.96 & 50.95 & 66.21 \\ Period 40 & 1.489 & 2.208 & 3.262 & 4.801 & 7.040 & 10.29 & 14.97 & 21.72 & 31.41 & 45.26 & 93.05 & 188.9 & 267.9 \\ Period 50 & 1.645 & 2.692 & 4.384 & 7.107 & 11.47 & 18.42 & 29.46 & 46.90 & 74.36 & 117.4 & 289.0 & 700.2 & 1,084 \\ \hline \end{tabular} Future Value of Ordinary Annuity of \$1 \begin{tabular}{|l|l|l|l|l|l|l|l|l|l|l|l|l|l|} \hline Period 30 & 34.78 & 40.57 & 47.58 & 56.08 & 66.44 & 79.06 & 94.46 & 113.3 & 136.3 & 164.5 & 241.3 & 356.8 & 434.7 \\ Period 40 & 48.89 & 60.40 & 75.40 & 95.03 & 120.8 & 154.8 & 199.6 & 259.1 & 337.9 & 442.6 & 767.1 & 1,342 & 1,779 \\ Period 50 & 64.46 & 84.58 & 112.8 & 152.7 & 209.3 & 290.3 & 406.5 & 573.8 & 815.1 & 1,164 & 2,400 & 4,995 & 7,218 \\ \hline \end{tabular}