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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.)

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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.) (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 10% on your funds, which option would you prefer? The present value of the payout is: (Round your answers to the nearest whole dollar.) Data Table Option #1: Option 2: Option #3: Option #1: $14,000,000 after five years Option #2: $2,200,000 per year for five years Option #3: $13,000,000 after three years (Enter your answer as a numeral 0.9. 1.) has the highest present value using the 10% discount rate. Therefore, it appears to be the most Payout Option # favorable option Print Done Enter any number in the edit fields and then continue to the next

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