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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.)
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? Data table The present value of the payout is: (Round your answers to the nearest whole dollar.) Option \#1: $13,000,000 after five years Present value of the payout, Option \#1: Option \#2: $2,000,000 per year for five year Present Value of $1 Future Value of $1 Present Value of Ordinarv Annuitv of $1 Future Value of Ordinary Annuity of $1
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