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Congratulations! You have won a state lottery. The state lottery ofters 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 ofters 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 lable.) Assuming you can earn 12% 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 Data table Option \#1: $14,000,000 after five years Option \#2: $2,300,000 per year for five years Option \#3: $13,000,000 after three years

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