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 6% 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 Present value of the payout, Option #2 Present value of the payout, Option #3 (Enter your answer as a numeraleg. 1.) The highest present value using the 6% discount rate and the option that, therefore, appears to be the most favorable, is payout option # in to view Future Value of $1 table ) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) an earn 6% on your funds, which option would you prefer? B. je of the payout is: (Round your answers to the nearest whole dollar) of the payout Option #1 - X of the payout, Option #2 Data Table of the payout, Option #3 mswer as a numerale9. 1) present value using the 8% discount rate a #1: $11,000,000 after five years Option #2: $2,200,000 per year for five years Option #3: $10,000,000 after three years Print Done any number in the edit tields and then continue to the next question 3% Present Value of $1 Periods 5% 2% 4% 1% 7% 8% 6% 9% 12% 18% 10% 16% 20% 15% 14% Period 1 0.990 0.980 0.971 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.893 0.877 0.870 0.862 0.847 0833 0.7180.694 Period 2 10.980 0961 0.943 0.925 0.9070 890 0.873 0.857 0.842 0.826 0.797 0.769 0.756 0.743 Period 3 0.971 0.942 0.915 0.889 0.864 0.840 0.816 0.794 0.772 0.751 0.712 0.675 0.658 0.641 0.609 0.579 Period 4 0.961 0.924 0.888 0.855 0.8230.792 0.763 0.735 0.709 0.683 0.636 0.592 0.572 0.5520516 0.482 Period 5 0.951 0.906 0.863 0.822 0.784 0.747 0.713 0681 0.650 0.621 0.567 0.519 0.497 0.476 0.437 0.402 Period 6 0.942 0.888 0.837 0.790 0.746 0.705 0.666 0630 0.596 0.564 0.507 0.456 0.432 0.410 0.370 0.335 Period 7 0.933 0871 0.813 0.760 0.711 0.665 0.623 0.583 0.5470 513 0.452 0.400 0.376 0.354 0.314 0.279 Period 8 0.923 0853 0.789 0.731 0.677 0.627 0.5820.540 0.502 0.467 0.4040.351 0.327 0.305 0.266 0.233 Period 9 0.914 0837 0.766 0.703 0.645 0.592 0.544 0.500 0.460 0.424 0.361 0.308 0.284 0263 0.225 0.194 Period 10 0.905 0.820 0.744 0.676 0.614 0.558 0.508 0.463 0.422 0386 0322 0.270 0.247 0.227 0.1910.162 Period 11 0.896 0.8040.722 0.650 0.585 0.527 0.475 0.429 0.388 0.350 0.287 0.237 0.215 0.195 0.162 0.135 Period 12 0.887 0.788 0.701 0.625 0.557 0.497 0.444 0.397 0.356 0.319 0 257 0.208 0.187 0.168 0.137 0.112 Period 13 0.879 0.773 0.681 0.601 0.530 0.469 0.415 0.368 0.328 290 229 0.182 0.163 0.145 0.116 0.093 Period 14 0.870 0.758 0.661 0.577 0.505 0.442 0388 0 340 0.299 0.263 0.205 0.160 0.141 0.125 0.099 0.078 Period 15 0861 0.743 0.642 0555 0.481 0.417 0.362 0.315 0.275 0.239 0.183 0.140 0.123 0.108 0.084 0.065 Period 16 0.853 0.728 0.623 0.534 0458 0394 0.339 0.292 0252 0.218 0.163 0.123 0 107 0.093 0.071 0.054 Period 17 0844 0.714 0.605 0.513 0.436 0.371 0.317 0.270 0.231 0.198 0 146 0.108 0.093 0.080 0.060 0.045 Period 18 0.836 0700 0.587 0.494 0.416 0.350 0 296 0 250 0212 0.180 0.130 0.095 0.081 0.069 0.051 0.038 Period 19 10.828 0.686 0.570 0.475 0.396 0331 0277 0.232 0.194 0.164 0.116 0.083 0.070 0.060 0.043 0.031 Period 20 08200 673 0.554 0.456 0.377 0.3120 258 0215 0.178 0.149 0.104 0.073 0.061 0.051 0.037 0.026 Period 21 0.811 0.660 0.538 0.439 0.359 0 294 0 242 0.199 0.1640.135 0.093 0.064 0.053 0.044 0.031 0.022 Period 22 0.803 0.647 0.522 0.422 0.342 0278 0226 0.184 0.150 0.123 0.083 0.056 0.046 0.038 0.028 0.018 Period 23 0.795 0634 0 507 0.40603260.262 0.211 0.170 0.1380 112 0.074 0.049 0.040 0.033 0.022 0.015 Period 24 0.788 0622 0.492 0.390 0.310 0247 0.197 0.158 0.126 0.1020066 0.043 0.035 0.028 0.019 0.013 Period 25 0.780 0.610 0478 0.375 0.295 0233 0.184 0.146 0.116 0.092 0.059 | 0.038 0030 0.0240016 0.010 Period 26 10 7721 598 N 4641 81 281 1220 0 172 094 none 35 10A DE n mm Present Value of Ordinary Annuity of $1 Penods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 16% 18% 20% Period 1 0.990 0.980 0.971 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.893 0.877 0.870 0.862 0.847 0.833 Period 2 1.970 1.942 1.913 1.886 1859 1833 1.808 1.7831.759 1.736 1.6901.647 1.626 1.605 1566 1528 Period 3 2.941 2884 2.829 2.775 2.723 2.673 2.624 2.577 2.531 2487 2402 2.322 2283 2 246 2.174 2 106 Period 4 3.902 3.808 3.717 3.630 3.546 3.465 3.3873.312 3 240 3.170 3.037 2.914 2855 2.798 2.690 2.589 Period 5 4853 4.713 4.580 4.452 43294212 4 100 3.993 3.890 3.791 3.605 3.433 3.3523274 3.127 2.991 Period 6 5.795 5.601 5.417 5.242 5.076 4.917 4.767 4.623 4.486 4355 4 111 3.889 3.784 3.685 3.498 3326 Period 7 6.728 6.472 6.230 6.002 5.786 5.582 5.389 5.206 5033 4.868 4.5644.288 4.160 4.039 3.812 3.605 Period 8 7.652 7325 7020 6.733 6.463 6.210 5971 5.747 5.535 5335 4.968 4.639 4.487 4.344 4.078 3.837 Period 9 8.566 8.162 7 786 7.435 7 1086 802 6515 6 247 5.9955.7595,328 4.946 4.772 4.607 4.303 4.031 Period 10 9.4718.983 8.530 8.111 7.722 7,360 7.024 6.710 6.418 6 145 5 650 5 216 5 019 4833 4.494 4. 192 Period 11 10.368 9.787 9.253 8760 8.306 7 887 7.499 7.139 6.805 6.495 5938 5453 5 234 5.029 4.656 4327 Period 12 11 255 10.575 9.954 9.385 8.8838.384 7.943 7 6367 1616.814 6.194 5.660 5 421 5.197 4.793 4.439 Period 13 12 134 11.348 10 635 9.986 9.3948 853 8.358 7904 7.4877 103 6.424 5 842 5583 5 342 4.910 4.533 Period 14 13.004 12 106 11296 10.5639.899 9.2958.745 8 2447.7867.367 6.628 6.0025.724 5.4685.0084611 Period 15 13.865 12 849 11.938 11.118 10,3809712 9.108 8559 8.061 76066,811 6.142 5.847 5.57550924.675 Period 16 14 718) 13.578 12 561 11 652 10 838 10 106 94478 851 83137824 6.9746.265 5.954 5.669 5.1624.730 Period 17 15 562 14 292 13.166 12 166 11 274 10.477 9763 912285448.0227 1206.373 6.047 5.749 5.222 4.775 Period 18 16.398 14.992 13.754 12.659 11 690 10 828 10.05993728.756 8.2017.250 6.467 6.128 5.818 5 273 4812 Period 19 17 226 15.678 14 32413.134 12.085 11 158 10 336 9604 8.950 8.365 73666 550 6.198 5.87753164.844 Period 20 18046 16 351 14 877 13590 12 462 11470 10 594 9818 9.129 8.5147.469 6.623 6 259 5.929 53534870 Period 21 18.857 1701115415 14.029 12 821 11764 10 836 10.017 9 292 8.6497562 6 687 6.312 5.973 5384 4891 Period 22 19 660 17 658 15937 14.451 13 163 12 042 11.061 10 201 9.442 8.7727645 6.743 63596 011 5.410 4.909 Period 23 20 456 18 292 16.444 14 857 13.489 12 303 11 272 10.371 9580 8883 7.7186.792 6 399 6044 5432 4.925 Period 24 21.243 18.914 16.936 15 247 13 799 12 550 11.469 10529 9.707 8.985 7.784 6.835 6.434 6.073 5.451 4.937 Period 25 22.023 19 523 17413 15622 14.094 12783 11 654 10 675 9.8239.077 7.843 6873 6464 6.097 5.467 4948 Period 26 22795 20.121 17 877 15 983 14 375 13.003 11.826 10.810 9.929 9.161 7.896 6.906 6491 6.118 5.480 4956 - Periods Period 1 Period 2 Period 3 Period 4 Period 5 Period 6 Period 7 Period 8 Period 9 Period 10 Period 11 Period 12 Period 13 Period 14 Period 15 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 1.010 1.020 1.030 1.040 1.050 1.060 1.070 1.080 1.090 1.100 1.120 1.140 1.150 1.020 1.040 1.061 1.082 1.103 1.124 1.145 1.166 1.188 1.210 1.254 1.300 1.323 1.030 1.061 1.093 1.125 1.1581.191 1.225 1.260 1.295 1.331 1.405 1.482 1.521 1.041 1.082 1.126 1.170 1.216 1.262 1.311 1.360 1.412 1.464 1.574 1.689 1.749 1.051 1.104 1.159 1.217 1.276 1.338 1.403 1.469 1.539 1.611 1.762 1.925 2011 1.062 1.126 1.194 1.265 1.340 1.419 1.501 1.587 1.677 1.772 1.9742.195 2313 1.072 1.149 1.230 1.316 1.407 1.504 1.606 1.7141.828 1.949 2.211 2.502 2.660 1.083 1.172 1.267 1.369 1.4771.594 1718 1.851 1.993 2 144 2476 2.853 3.059 1.094 1.195 1.305 1.423 1.551 1.689 1.838 1.999 2.172 2.358 2.773 3.252 3.518 1.105 1.219 1.344 1.480 1.629 1.791 1.967 2.159 2.367 2.594 3.106 3.707 4.046 1.116 1.243 1.384 1.539 1.7101.898 2. 105 2.3322.580 2853 3.479 4.2264.652 1.1271 268 1.426 1.601 1.796 2012 2.252 2.518 2813 3.138 3.896 4.818 5.350 1.138 1.294 1.469 1.665 1.886 2.133 2.410 2.720 3.066 3.452 4.363 5.492 6.153 1.149 1.319 1.513 1.732 1.980 2261 25792.937 3.342 3.798 4.887 6.261 7.076 1.161 1.346 1.558 1.8012079 2.3972.759 3.1723.642 4.177 5.4747.138 8.137 1.173 1.373 1.605 1.873 2.183 2.540 2.952 3.426 3.970 4.595 6.130 8.137 9.358 1.184 1.400 1.653 1.948 2 2922693 3.159 3.700 4.328 5.054 6.866 9.276 10.76 1.196 1.428 1.7022026 2407 2.854 3.380 3.996 4.717 5.560 7.690 10.58 12.38 1 208 1.457 1754 2.107 2.527 3.026 3.617 4.316 5.142 6.116 8.613 12.06 1423 1.220 1.486 1.806 2.191 2.653 3.207 3.870 4.661 5.604 6.727 9.646 13.74 16.37 1.232 1,516 1.860 2.279 2.786 3.400 4.141 5034 6.109 7.400 10.80 15.67 1882 1 245 1546 1.916 2370 2.925 3.604 4.430 5.4376.659 8.140 12.10 17 86 21.64 1.257 1.577 1.974 2.465 3,072 3.820 4.741 5.871 7258 8.954 13.55 20.36 24.89 1 270 1.608 20332563 3.225 4.049 5.072 6.341 7.911 9.850 15.18 23 21 28.63 1 282 1.641 2.094 26663.386 4.292 5.4276.848 8.623 10.83 17.00 26.46 32.92 Period 16 Period 17 Period 18 Period 19 Period 20 Period 21 Period 22 Period 23 Period 24 Period 25 Perods Period 1 Period 2 Period 3 Period 4 Period 5 Period 6 Period 7 Period 8 Period 9 Period 10 Period 11 Period 12 Period 13 Period 14 Period 15 Future Value of Ordinary Annuity of $1 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 2010 2020 2030 2040 2050 2.060 2.070 2.080 2.090 2.100 2 120 2.140 2 150 3.030 3.060 3.091 3.122 3.153 3.1843.215 3.246 3.278 3.310 3.374 3.440 3.473 4.060 4.122 4.184 4246 4.310 4 375 4.440 4.506 4.573 4.641 4.779 4.921 4.993 5.101 5.2045.309 5.416 5.526 5.637 5.7515.867 5.985 6.105 6.353 6.610 6.742 6.152 6.308 6.468 6.633 6.802 6.9757.153 73367.523 7.716 8.115 8.536 8.754 7214 7.434 | 7.662 7898 8.142 8.394 8.654 8.9239.2009.487 10.09 10.73 11.07 8.286 8.583 | 8.89292149.549 9.897 10.260 10.64 11.03 11.44 12.30 13.23 13.73 9.369 9.755 10.16 10.58 11.03 11.49 11.98 12.49 13.02 13.58 14.78 16.09 16.79 10.46 10.95 11.46 1201 12.58 13.18 13.82 14.49 15.19 15.94 1755 19.34 20 30 11.57 12.17 12.81 13.49 14 21 14.97 15.78 16.65 1756 18.53 20.65 23.04 24.35 12.68 13.41 | 14.19 15.03 15.92 16.87 17.8918.98 20.14 21.3824.13 27 27 29.00 13.81 14.68 | 15.62 16.63 17.71 18.88 20.14 21.50 22.95 24.52 28.03 32.09 34 35 14.95 15.97 17.09 18 29 19.60 21.02 22.55 24 21 26 02 27.98 32 39 37 58 40.50 16.10 17 29 18.60 20.02 21:58 23.28 25.13 27.15 29.36 31.77 37 28 43.84 4758 17.26 18.64 20.16 21.8223.66 25.67 27.89 30 32 33.00 35.95 4275 50.98 55.72 18.43 2001 | 21.76 23.70 | 25.84 28.21 30 84 33.75 36.97 40.54 48.88 59.12 65.08 19.61 21.41 23.41 25.65 28.13 30.91 34.00 37.45 41.30 45.60 55.75 68.39 75.84 20.81 22.84 25.12 27 67 30.54 33.76 37 38 41.45 46.02 51.16 63.44 78.97 88 21 22.02 24 30 26.87 29.78 33.07 36 79 41.00 45.76 51.1657 28 72.05 91.02 1024 23 24 25.7828.68 31.97 35.72 39.99 44 87 50.42 56.76 64.00 81.70 104.8 1188 24.47 27 30 30.54 34 25 38.51 43.39 49 01 55.46 62.87 71.40 92.50 120.4 1376 25.72 28.85 32.45 36.62 41.43 47.00 53.4460.89 69.53 79.54 1046 1383 1593 26.97 30.42 34 43 39.08 44 50 50.82 58.18 66.76 76 79 | 88.50 1182158.7 1842 28 24 32 03 36.46 4165 47 73 54.86 63 25 73.11 84.70 98.35 1333 181.92128 29.53 33.67 38.55 44.3151.11 59 16 68 68 79 95 0222 Period 16 Period 17 Period 18 Period 19 Period 20 Period 21 Period 22 Period 23 Period 24 Period 25 Period 26 an