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 Future Value of $1 table.) 5 (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Assuming you can earn 8% on your funds, which option would you prefer? The present value of the payout is: (Round your answers to the nearest whole dollar.) Option #1: Enter any number in the edit fields and then click Check Answer. E26-23 (similar to) Question Help 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 Future Value of $1 table.) 3 (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Assuming you can earn 8% on your funds, which option would you prefer? The present value of the payout is: (Round your answe Data Table Option #1: Option #1: $15,000,000 after five years Option #2: $2,050,000 per year for five years Option #3: $14,000,000 after three years Print Done Done Enter any number in the edit fields and then click Check Answer. Reference Periods 1% 0.990 0.980 0.971 0.961 0.951 0.942 0.933 0.923 2% 0.980 0.961 0.942 0.924 0.906 0.784 3% 0.971 0.943 0.915 0.888 0.863 0.837 0.813 0.789 0.766 0.744 0.722 0.701 0.681 0.661 0.642 0.623 0.605 0.587 0.570 0.554 10% 0.909 0.826 0.751 0.683 0.621 0.564 0.513 0.467 0.424 0.386 0.350 0.319 0.290 0.263 20% 0.833 0.694 0.579 0.482 0.402 0.335 0.279 0.233 0.194 4% 0.962 0.925 0.889 0.855 0.822 0.790 0.760 0.731 0.703 0.676 0.650 0.625 0.601 0.577 0.555 0.534 0.513 0.494 0.475 0.456 Present Value of $1 5% 6% 7% 8% 9% 0.952 0.943 0.935 0.926 0.917 0.907 | 0.890 | 0.873 | 0.857 0.842 0.864 0.840 0.816 0.794 0.772 0.823 0.792 0.763 0.735 0.708 0.747 0.713 0.681 0.650 0.746 0.705 0.666 0.630 0.596 0.711 0.665 0.623 0.583 0.547 0.677 0.627 0.582 0.540 0.502 0.645 0.592 0.544 0.500 0.460 0.614 0.558 0.508 0.463 0.422 0.585 0.527 0.475 0.429 0.388 0.557 0.497 0.444 0.397 0.356 0.530 0.469 0.415 0.368 0.326 0.505 0.442 0.388 | 0.340 0.299 0.417 0.362 0.315 0.275 0.458 0.394 0.339 0.292 0.436 0.371 0.317 0.270 0.231 0.416 0.350 0.296 0.250 0.212 0.396 0.331 0.277 0.232 0.194 0.377 0.215 0.178 12% 0.893 0.797 0.712 0.636 0.567 0.507 0.452 0.404 0.361 0.322 0.287 0.257 0.229 0.205 14% 0.877 0.769 0.675 0.592 0.519 0.456 0.400 0.351 0.308 0.270 0.888 0.871 0.853 0.837 0.820 0.804 0.788 0.773 0.758 0.743 0.914 15% 0.870 0.756 0.658 0.572 0.497 0.432 0.376 0.327 0.284 0.247 0.215 0.187 0.163 0.141 0.905 0.896 0.887 0.879 16% 0.862 0.743 0.641 0.552 0.476 0.410 0.354 0.305 0.263 0.227 0.195 0.168 0.145 0.125 0.108 0.093 0.080 0.069 0.060 0.051 0.162 18% 0.847 0.718 0.609 0.516 0.437 0.370 0.314 0.266 0.225 0.191 0.162 0.137 0.116 0.099 0.084 0.071 0.060 0.051 0.043 0.037 0.870 0.481 0.239 0.183 0.123 | 0.237 0.208 0.182 0.160 0.140 0.123 0.108 0.095 0.083 0.073 0.135 0.112 0.093 0.078 0.065 0.054 0.045 0.038 0.031 0.026 0.861 0.853 0.844 0.836 0.828 0.820 0.252 0.163 0.728 0.714 0.700 0.686 0.673 0.218 0.198 0.180 0.164 0.149 0.130 0.116 0.104 0.107 0.093 0.081 0.070 0.061 Print Done -26-23 (simiportal Ayestion Help X i Reference - Congratulations! Yo (Click the icon (Click the icon (Click the icon Periods Assuming you can 1% 1.010 1.020 1.030 1.041 1.051 2% 1.020 1.040 1.061 1.082 1.104 4% 1.040 1.082 1.125 1.170 1.217 The present valued 1.749 Option #1: 1.062 1.126 1.072 1.149 1.083 1.172 1.094 | 1.195 1.105 1.219 1.116 | 1.243 1.127 1.268 1.138 1.294 1.149 1.319 1.161 1.346 1.173 1.373 1.184 1.400 1.196 1.428 1.208 1.457 1.220 1.486 3% 1.030 1.061 1.093 1.126 1.159 1.194 1.230 1.267 1.305 1.344 1.384 1.426 1.469 1.513 1.558 1.605 1.653 1.702 1.754 1.806 1.265 1.316 1.369 1.423 1.480 1.539 1.601 1.665 1.732 1.801 1.873 1.948 2.026 2.107 2.191 Future Value of $1 5% | 6% 7% 8% 9% 10% 1.050 1.060 1.070 1.080 1.090 1.100 1.103 1.124 1.145 1.166 1.188 1.210 1.158 1.191 1.225 1.260 1.295 1.331 1.216 | 1.262 1.311 | 1.360 1.412 1.464 1.276 1.338 1.403 1.469 1.539 1.611 1.340 1.419 1.501 1.587 1.6771.772 1.407 1.504 1.606 1.7141.828 1.949 1.477 1.594 1.718 1.851 1.993 2.144 1.551 1.689 1.838 1.999 2.172 2.358 1.629 1.791 1.967 2.159 2.367 2.594 1.7101.898 2.105 2.332 2.580 2.853 1.796 2.012 2.252 2.518 2.813 3.138 1.886 2.133 2.410 2.720 3.066 3.452 1.980 2.261 2.579 2.937 3.342 3.798 2.079 2.397 2.759 3.172 3.642 4.177 2.183 2.540 2.952 3.426 3.970 4.595 2.292 2.693 3.159 3.700 4.328 5.054 2.407 2.854 3.380 3.996 4.717 5.560 2.527 3.026 3.617 4.316 5.1426.116 2.653 3.207 3.870 4.661 5.604 6.727 12% 14% 15% 1.120 1.140 1.150 1.254 1.300 1.323 1.405 1.482 | 1.521 1.574 1.689 1.762 1.925 2.011 1.974 2.1952.313 2.211 2.502 2.660 2.476 2.853 3.059 2.773 3.252 3.518 3.106 3.707 4.046 3.479 4.226 4.652 3.896 4.818 5.350 4.363 5.492 6.153 4.8876.261 7.076 5.474 | 7.138 8.137 6.130 8.137 9.358 6.866 9.276 10.76 7.690 10.58 12.38 8.613 12.06 14.23 9.646 13.74 16.37 nter any number Print Done parts remaining swer Reference ratula Click Click Click Periods 16% ming 1% 0.990 1.970 2.941 3.902 4.853 1.759 2% 0.980 1.942 2.884 3.808 4.713 3% 0.971 1.913 2.829 3.717 4.580 4% 0.962 1.886 2.775 3.630 4.452 Present Value of Ordinary Annuity of $1 6% 7% 8% 9% 10% 0.943 0.935 0.926 0.917 0.909 1.833 1.808 1.783 1.736 2.673 2.624 2.577 2.531 2.487 3.465 3.387 3.312 3.240 3.170 4.212 4.100 3.993 3.890 3.791 5% 0.952 1.859 2.723 3.546 4.329 12% 0.893 1.690 2.402 3.037 3.605 14% 0.877 1.647 2.322 2.914 3.433 15% 0.870 1.626 2.283 2.855 3.352 1.605 2.246 2.798 3.274 18% 20% 0.8471 0.833 1.566 1.528 2.174 2.106 | 2.690 2.589 3.127 2.991 rese -n #1 3.685 4.039 4.917 5.582 6.210 6.802 7.360 4.767 5.389 5.971 6.515 7.024 4.623 5.206 5.747 6.247 6.710 4.486 5.033 5.535 5.995 6.418 4.355 4.868 5.335 5.759 6.145 4.111 4.564 4.968 5.328 5.650 3.889 4.288 4.639 4.946 5.216 3.784 4.160 4.487 4.772 5.019 4.344 4.607 4.833 3.498 3.812 4.078 4.303 4.494 5.795 5.601 5.417 5.242 5.076 6.728 6.472 6.230 6.002 5.786 7.652 7.325 7.020 6.733 6.463 8.566 8.162 7.786 7.435 7.108 9.471 8.983 8.530 8.111 7.722 10.368 9.787 9.253 8.760 8.306 11.255 10.575 9.954 9.385 8.863 12.134 11.348 10.635 9.986 9.394 13.004 | 12.106 | 11.296 | 10.563 | 9.899 13.865 12.849 11.938 11.118 10.380 14.718 13.578 12.561 11.652 10.838 15.562 14.292 | 13.166 12.166 11.274 16.398 14.992 | 13.754 12.659 11.690 17.226 15.678 14.324 13.134 12.085 18.046 16.351 14.877 13.590 12.462 3.326 3.605 3.837 4.031 4.192 4.327 4.439 4.533 4.611 4.675 7.887 8.384 8.853 9.295 9.712 7.499 7.943 8.358 8.745 9.108 7.139 7.536 7.904 8.244 8.559 6.805 6.495 7.161 | 6.814 7.487 7.103 7.786 7.367 8.061 7.606 5.938 6.194 6.424 6.628 6.811 5.453 5.660 5.842 6.002 6.142 5.234 5.421 5.583 5.724 5.847 5.029 5.197 5.342 5.468 5.575 4.656 4.793 4.910 5.008 5.092 10.106 10.477 10.828 11.158 11.470 9.447 9.763 10.059 10.336 10.594 8.851 9.122 9.372 9.604 9.818 8.313 8.544 8.756 8.950 9.129 7.824 8.022 8.201 8.365 8.514 6.974 7.120 7.250 7.366 | 7.469 6.265 6.373 6.467 6.550 6.623 5.954 6.047 6.128 6.198 6.259 5.669 5.749 5.818 5.877 5.929 5.162 5.222 5.273 5.316 5.353 4.730 4.775 4.812 4.844 4.870 similar toll Ayestion He i Reference ns! Yo icon icon icon Future Value of Ordinary Annuity of $1 Periods can 1% 1.000 2.010 3.030 2% 1.000 2.020 3.060 4.122 5.204 4% 1.000 2.040 3.122 4.246 5.416 alued 3% 1.000 2.030 3.091 4.184 5.309 6.468 7.662 8.892 10.16 4.060 5.101 6% 1.000 2.060 3.184 4.375 5.637 6.975 8.394 9.897 11.49 13.18 7% 1.000 2.070 3.215 4.440 5.751 7.153 8.654 10.260 11.98 13.82 8% 1.000 2.080 3.246 4.506 5.867 7.336 8.923 10.64 12.49 14.49 9% 1.000 2.090 3.278 4.573 5.985 7.523 9.200 11.03 13.02 15.19 15% 1.000 2.150 3.473 4.993 6.742 8.754 12% 1.000 2.120 3.374 4.779 6.353 8.115 10.09 12.30 14.78 14% 1.000 2.140 3.440 4.921 6.610 8.536 10.73 13.23 16.09 10% 1.000 2.100 3.310 4.641 6.105 7.716 9.487 11.44 13.58 15.94 18.53 21.38 5% 1.000 2.050 3.153 4.310 5.526 6.802 8.142 9.549 11.03 12.58 14.21 15.92 17.71 19.60 21.58 23.66 25.84 28.13 30.54 33.07 11.07 17.55 6.308 7.434 8.583 9.755 10.95 12.17 13.41 14.68 15.97 17.29 19.34 11.46 12.81 6.633 7.898 9.214 10.58 12.01 13.49 15.03 16.63 18.29 20.02 6.152 7.214 8.286 9.369 10.46 11.57 12.68 13.81 14.95 16.10 17.26 18.43 19.61 20.81 22.02 13.73 16.79 20.30 24.35 29.00 34.35 15.78 17.89 16.65 18.98 14.19 15.62 17.09 18.60 14.97 16.87 18.88 21.02 23.28 20.14 22.55 21.50 17.56 20.14 22.95 26.02 29.36 24.52 40.50 25.13 20.65 24.13 28.03 32.39 37.28 42.75 48.88 55.75 63.44 72.05 33.00 23.04 27.27 32.09 37.58 43.84 50.98 59.12 68.39 78.97 91.02 18.64 20.01 21.41 22.84 24.30 20.16 21.76 23.41 25.12 26.87 36.97 24.21 27.15 30.32 33.75 37.45 | 41.45 45.76 21.82 23.70 25.65 27.67 29.78 25.67 28.21 30.91 33.76 36.79 27.89 30.84 34.00 27.98 31.77 35.95 40.54 45.60 51.16 57.28 47.58 55.72 65.08 75.84 88.21 102.4 37.38 41.30 46.02 51.16 41.00 nber i Print Done swer