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Congratulations! You have won a state lottery. The state lottery offers you the following (after-tax) payout options: B Click the icon to view the payout

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Congratulations! You have won a state lottery. The state lottery offers you the following (after-tax) payout options: B 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.) Data Table Option #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 Reference Present Value of $1 Periods 1 2 3 1% 0.990 0.980 0.971 0.961 0.951 2% 0.980 0.961 0.942 0.924 0.906 4% 0.962 0.925 0.889 0.855 0.822 4 3% 0.971 0.943 0.915 0.888 0.863 0.837 0.813 0.789 0.766 0.744 5 5% 0.952 0.907 0.864 0.823 0.784 0.746 0.711 0.677 0.645 0.614 6% 0.943 0.890 0.840 0.792 0.747 0.705 0.665 0.627 0.592 0.558 6 0.335 2 7 8 0.942 0.933 0.923 0.914 0.905 0.888 0.871 0.853 0.837 0.820 0.790 0.760 0.731 0.703 0.676 43 9 10 7% 8% 0.935 0.926 0.873 0.857 0.816 0.794 0.763 0.735 0.713 0.681 0.666 0.630 0.623 0.583 0.582 0.540 0.544 0.500 0.508 0.463 0.475 0.429 0.444 0.397 0.415 0.368 0.388 0.340 0.362 0.315 0.339 0.292 0.317 0.270 0.296 0.250 0.277 0.232 0.258 0.215 9% 10% 12% 14% 15% 16% 18% 20% 0.917 0.909 0.893 0.877 0.870 0.862 0.847 0.833 0.842 0.826 0.797 0.769 0.756 0.743 0.718 0.694 0.772 0.751 0.712 0.675 0.658 0.641 0.609 0.579 0.708 0.683 0.636 0.592 0.572 0.552 0.516 0.482 0.650 0.621 0.567 0.519 0.497 0.476 0.437 0.402 0.596 0.564 0.507 0.456 0.432 0.410 0.370 0.547 0.513 0.452 0.400 0.376 0.354 0.314 0.279 0.502 0.467 0.404 0.351 0.327 0.305 0.266 0.233 0.460 0.424 0.361 0.308 0.284 0.263 0.225 0.194 0.422 0.386 0.322 0.270 0.247 0.227 0.191 0.162 0.388 0.350 0.287 0.237 0.215 0.195 0.162 0.135 0.356 0.319 0.257 0.208 0.187 0.168 0.137 0.112 0.326 0.290 0.229 0.182 0.163 0.145 0.116 0.093 0.299 0.263 0.205 0.160 0.141 0.125 0.099 0.078 0.275 0.239 0.183 0.140 0.123 0.108 0.084 0.065 0.252 0.218 0.163 0.123 0.1070.093 0.071 0.054 0.231 0.198 0.146 0.108 0.093 0.080 0.060 0.045 0.212 0.180 0.130 0.095 0.081 0.069 0.051 0,038 0.194 0.164 0.116 0.083 0.070 0.060 0.043 0.031 0.178 0.149 0.104 0.073 0.061 0.051 0.037 0.028 ou O 11 12 13 14 15 0.896 0.887 0.879 0.870 0.861 0.527 0.497 0.469 0.442 0.417 ble 0.804 0.788 0.773 0.758 0.743 0.728 0.714 0.700 0.686 0.673 0.722 0.701 0.681 0.661 0.642 0.623 0.605 0.587 0.570 0.554 0.650 0.585 0.625 0.557 0.601 0.530 0.577 0.505 0.555 0.481 0.534 0.458 0.513 0.436 0.494 0.416 0.475 0.396 0.456 0.377 16 17 18 19 20 0.853 0.844 0.836 0.828 0.820 0.394 0.371 0.350 0.331 0.312 any Print Done 1 Reference Periods 1 2 3 4 5 1% 1.010 1.020 1.030 1.041 1.051 1.062 1.072 1.083 1.094 1.105 2% 1.020 1.040 1.061 1.082 1.104 3% 1.030 1.061 1.093 1.126 1.159 9% 1.090 1.188 1.295 1.412 1.539 1.677 1.828 1.993 2.172 2.367 10% 1.100 1.210 1.331 1.464 1.611 12% 1.120 1.254 1.405 1.574 1.762 14% 1.140 1.300 1.482 1.689 1.925 15% 1.150 1.323 1.521 1.749 2.011 6 7 1.126 1.149 1.172 1.195 1.219 1.194 1.230 1.267 1.305 8 Future Value of $1 4% 5% 6% 7% 8% 1.040 1.050 1.060 1.070 1.080 1.082 1.103 1.124 1.145 1.166 1.125 1.158 1.191 1.225 1.260 1.170 1.216 1.262 1.311 1.360 1.217 1.276 1.338 1.403 1.469 1.265 1.340 1.419 1.501 1.587 1.316 1.407 1.504 1.606 1.714 1.369 1.477 1.594 1.718 1.851 1.423 1.551 1.689 1.838 1.999 1.480 1.629 1.791 1.967 2.159 1.539 1.710 1.898 2.105 2.332 1.601 1.796 2.012 2.252 2.518 1.665 1.886 2.133 2410 2.720 1.732 1.980 2.261 2.579 2.937 1.801 2.079 2.397 2.759 3.172 1.873 2.183 2.540 2.952 3.426 1.948 2.292 2.693 3.159 3.700 2.026 2.407 2.854 3.380 3.996 2.107 2.527 3.026 3.617 4.316 2.191 2.653 3.207 3.870 4.661 1.772 1.949 2.144 2.358 2.594 9 10 1.344 ver 11 12 13 14 15 1.116 1.127 1.138 1.149 1.161 1.243 1.268 1.294 1.319 1.346 2.853 3.138 3.452 3.798 4.177 1.384 1.426 1.469 1.513 1.558 1.605 1.653 1.702 1.754 1.806 n. 1.974 2.195 2.313 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 4.887 6.261 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 2.580 2.813 3.066 3.342 3.642 3.970 4.328 4.717 5.142 5.604 16 17 18 19 20 1.173 1.184 1.196 1.208 1.220 1.373 1.400 1.428 1.457 1.486 4.595 5,054 5.560 6.116 6.727 mber Print Done X Reference ul ck ick Lick Periods ning 2 3 4 rese an un #11 6 7 on #2 on #31 Present Value of Ordinary Annuity of $1 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 16% 18% 20% 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 1.970 1.942 1.913 1.886 1.859 1.808 1.783 1.759 1.736 1.690 1.647 1.626 1.605 1.566 1.528 2941 2.884 2.829 2.775 2.723 2.673 2.624 2.577 2531 2.487 2.402 2.322 2.283 2.246 2.174 2.106 3.902 3.808 3.717 3.630 3.546 3.465 3.387 3.312 3.240 3.170 3.037 2.914 2.855 2.798 2.690 2.589 4.853 4.713 4.580 4.452 4.329 4212 4.100 3.993 3.890 3.791 3.605 3.433 3.352 3.274 3.127 2.991 5.795 5,601 5.417 5.242 5.076 4.917 4.767 4.623 4.486 4.355 4.111 3.889 3.784 3.685 3.498 3.326 6.728 6.472 6.230 6.002 5.786 5.582 5.389 5.206 5.033 4868 4.564 4.288 4.160 4.039 3.812 3.605 7.652 7.325 7.020 6.733 6.463 6.210 5.971 5.747 5.535 5.335 4.968 4.639 4.487 4.344 4.078 3.837 8.566 8.162 7.786 7.435 7.108 6.802 6.515 6.247 5.995 5.759 5.328 4.946 4.772 4.607 4,303 4.031 9.471 8.983 8.530 8.111 7.722 7.360 7.024 6.710 6.418 6.145 5.650 5.216 5.019 4.833 4.494 4.192 10.368 9.787 9253 8.760 8.306 7.887 7.499 7.139 6.805 6.495 5.938 5.453 5.234 5.029 4.656 4.327 11.255 10.575 9.954 9.385 8.863 8.384 7.943 7.536 7.161 6.814 6.194 5.660 5421 5.197 4.793 4.439 12.134 11.348 10.635 9.986 9.394 8.853 8.358 7.904 7.487 7.103 6.424 5.842 5.583 5.342 4.910 4.533 13.004 12.106 11.296 10.563 9.899 9.295 8.745 8.244 7.786 7.367 6.628 6.002 5.724 5.468 5.008 4.611 13.865 12.849 11.938 11.118 10.380 9.712 9.10B 8.559 8.061 7.606 6.811 6.142 5.847 5.575 5.092 4.675 14.718 13.578 12.561 11.652 10.838 10.106 9.447 8.851 8.313 7.824 6.974 6.265 5.954 5,669 5.162 4.730 15,562 14.292 13.166 12.166 11 274 10.477 9.763 9.122 8.544 8.022 7.120 6.373 6.047 5.749 5.222 4.775 16.398 14.992 13.754 12.659 11.690 10.828 10.059 9.372 8.756 8.201 7.250 6.467 6.128 5.818 5.273 4.812 17.226 15.678 14.32413.1341208511.158 10.336 9.604 8.950 8.365 7.366 6.550 6.198 5.877 5.316 4.844 18.046 16.351 14.877 13.590 12.462 11.470 10.5949.818 9.129 8.514 7.469 6.623 6.259 5.929 5.353 4,870 10 er you out Og orable 11 12 13 14 15 16 17 18 19 20 nter any Print Done - X Reference Periods 1 2 3 4 5 1% 1.000 2.010 3.030 4.060 5.101 2% 1.000 2.020 3.060 4.122 5.204 3% 1.000 2.030 3.091 4.184 5.309 10% 1.000 2.100 3.310 4.641 6.105 12% 1.000 2.120 3.374 4.779 6.353 14% 1.000 2.140 3.440 4.921 6.610 15% 1.000 2.150 3.473 4.993 6.742 6 7 6.152 7.214 8.286 9.369 10.46 6.308 7.434 8.583 9.755 10.95 6.468 7.662 8.892 10.16 11.46 8 9 10 7.716 9.487 11.44 13.58 15.94 Future Value of Ordinary Annuity of $1 4% 5% 6% 7% 8% 9% 1.000 1.000 1.000 1.000 1.000 1.000 2.040 2.050 2.060 2.070 2.080 2.090 3.122 3.153 3.184 3.215 3.246 3.278 4.246 4.310 4.375 4.440 4.506 4.573 5.416 5.526 5.637 5.751 5.867 5.985 6.633 6.802 6.975 7.153 7.336 7.523 7.898 8.142 8.394 8.654 8.923 9.200 9.214 9.549 9.897 10.260 10.64 11.03 10.58 11.03 11.49 11.98 12.49 13.02 12.01 12.58 13.18 13.82 14.49 15.19 13.49 14.21 14.97 15.78 16.65 17.56 15.03 15.92 16.87 17.89 18.98 20.14 16.63 17.71 18.88 20.14 21.50 22.95 18.29 19.60 21.02 22.55 24.21 26.02 20.02 21.58 23.28 25.13 27.15 29.36 21.82 23.66 25.67 27.89 30.32 33.00 23.70 25.84 28.21 30.84 33.75 36.97 25.65 28.13 30.91 34.00 37.45 41.30 27.67 30.54 33.76 37.38 41.45 46.02 29.78 33.07 36.79 41.00 45.76 51.16 8.115 10.09 12.30 14.78 17.55 8.536 10.73 13.23 16.09 19.34 8.754 11.07 13.73 16.79 20.30 24.35 29.00 34 35 40.50 47.58 11 12 13 14 15 11.57 12.68 13.81 14.95 16.10 12.81 14.19 15.62 17.09 18.60 18.53 21.38 24.52 27.98 31.77 12.17 13.41 14.68 15.97 17.29 18.64 20.01 21.41 22.84 24.30 20.65 24.13 28.03 32.39 37.28 42.75 48.88 55.75 63.44 72.05 23.04 27.27 32.09 37.58 43.84 50.98 59.12 68.39 78.97 91.02 16 17 18 19 20 17.26 18.43 19.61 20.81 22.02 20.16 21.76 23.41 25.12 26.87 35 95 40.54 45.60 51.16 57.28 55.72 65.08 75.84 88.21 102.4 ber Print Done 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 S1 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 10% 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: Option #2: Option #3: (Enter your answer as a numeral-e.g. 1.) has the highest present value using the 10% discount rate. Therefore, it appears to be the most Payout Option # favorable option

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