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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.)

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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 S1 table.) Assuming you can earn 8% on your funds, which option would you prefer? ES The present value of the payout is: (Round your answers Option #1: Option #2: Option #3: (Enter your answer as a numeral 9. 1.) has the highest present value using the 8% de Foro. It appears to both Payout Option # O favorable option Data Table Upton 13 314,000,000 after five years Option #2: $2,250,000 per year for five years Option #3: $10,000,000 after three years Print Done 0 Reference 1997 AN er n umber in the fields and then continue to the next

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