Congratulations! You've won a state lotto! The state lottery offers you the following (after-tax) payout options: (Click the icon to view the payout options.) (Click the icon to view the present value factor table.) (Click the icon to view the future value factor table.) Requirement (Click the icon to view the present value annuity factor table.) (Click the icon to view the future value annuity factor table.) Assuming that you can earn 10% on your funds, which option would you prefer? (Round your answers to the nearest whole dollar.) Calculate the present value for each payout. Option #1: 5% Present Value of $1 0677 0427 Periods 1% 2% 3% 4% Period 1 000 0000 021 02 0962 0343 0926 0909 0.893 0877 0M2 0.47 Period 2 0.00 0.061 0543 0825 0907 0850 0857 0828 0797 0769 0743 0.718 0654 Period 1 0371 0942 0915 09 0864 0840 074 0751 0712 0675 0645 0.009 0.579 Period 4 061 0304 086 5865 0823 0792 0735 0685 066 0.500 0552 0516 0482 Period 5 0951 0306 0.863 0822 0764 0747 048 0421 0562 0519 0476 0437 0402 Period 0342 088 0837 0.790 0746 0.705 0630 0.564 0507 0.458 0410 0.370 0.335 Period? 033 0871 0813 0760 0711 0665 0563 0513 0452 0.400 0.354 0.314 0.279 Period 5325 0853 0709 0731 0540 0467 0404 0351 0305 0266 0.233 Period 0914 0837 0.706 700 0645 0590 0500 0424 0361 0308 0263 0225 01M Pred 1800s 0820 0.744 0676 0614 508 0463 0.386 0322 0270 0227 Period 11 06 0804 0722 0650 05e5 0527 0429 0.350 0267 0257 0196 0162 0136 Period 12 0487 078 0701 0625 0567 0497 0.387 0319 0257 0208 0168 0137 0112 Parted 13 0475 0773 6681 080 0530 0400MA 0.2090 0.229 0.582 0.145 0116 0000 Period 14 0470 0754 066 0677 0.506 0442 0.340 623 0206 090 0125 0095 0078 Period 15 086 0743 0442 0 0417 316 6238 0163 0.540 0.108 6084 00 Pered 20 640 0475 0554 0456 0377 0312 0215 0.1490104 0475 0004 0.007 0.006 Pred 25 6780 041 0476 0375 0295 0333 6140 0002 0.000 000 0004 0016 0010 Period 30 0742 52 0412 0308 0231 0174 0009 0057 0033 0000 0012 0067 0.004 Pariot 40 472 453 0307 0208 0143 0.067 0.046 0022 0011 000 000 00010001 041 Future Value of $1 1% 10% 12% 14% 14% 18% 20% Periode 0833 Pred Period 2 Period 3 Period Period 5 P Period 7 0191 012 Period 10 Period 11 Period 12 128 1710 17 Period 13 Period 14 Period 15 134 1319 1413 1752 131 1346 10 1801 Perted 20 1220 Period 25 122 Period 30 1348 Period 40 1AM 1800 21 1041 204 2666 3203 1811 2427 148 23032 401 1% 2% 3% 4% 1% 8% 10% 12% 14% 20% 1.050 1.050 1.020 130 1040 1060 1.000 1.100 1.120 1140 160 1.180 1200 1.020 1.040 1001 1002 1300 1.124 1.106 1.210 1.254 1.300 1.346 1392 1440 1.000 1.061 1000 1.125 1158 1482 1200 1301 1405 1561 1643 1728 1.041 1082 1.126 1.170 1216 1.262 1300 1464 1574 1815 1.309 2074 1061 1.104 1.15 1217 1276 1338 1409 1411 1762 1925 2.100 2288 2488 1062 1.126 1194 1265 1340 141 1547 1772 1974 2.196 2436 1072 1.149 1230 131 1.407 1.504 1714 1.349 2211 2502 282 1000 1172 1267 1369 3750 1477 154 1451 2.144 2478 2853 3278 10M 1.195 1305 3303 1423 1551 1689 1999 2.358 2773 3262 4435 1.105 1219 1344 1480 1829 1291 2.15 2.504 3106 3707 441 5214 6142 1116 1243 1364 1539 1800 2300 2.853 3479 4220 5117 6178 7430 1127 1426 1401 2012 2518 3.136 300 48 59 720 AP 1400 1306 2133 2720 3452 4343 10600 1000 2261 2937 3797 47 6261 7 10.147 12.09 2079 2307 3172 4.177 6474 7.13 $206 107 15.407 2453 3207 4441 6727 9440 13.743 1841 27.383 3 33 422 648 10835 17.000 26462 40 874 62.609 95.3 4.322 5743 10063 17 449 29 960 00 00 5800 143371 237 3761 7040 10 20 21 725 45250 40061 188 884 378.721 250 378148773 18% 18% 2700 2906 3.185 3583 4300 5160 Reference Reference Present Value of Annuity of $ Future Value of Annuity of $1 1% 2% 3% 6 1% 900000371 092 1870 192 193 1886 Pred 11 10.308 Periods 14% 10% 10% 20% Period 1 092 043 0828 00080 0877 02 6647 0833 Period 2 1859 1833 1765 1736 1600 1447 1405 156 Period 2541 2004 2409 2775 27 2673 2577 2487 2400 2322 2346 Period 102 306 3717 1830 3540 3400 3312 3170 5317 204 27 Period 4853 4713 4500 442 4320 4212 303 3791 3406 3433 324 Pod 5795 5601 5417 5342 507 4817 4623 435 4111 30 35 6728 647 20 002 576 5582 20 4MA 74 73 70 733 6463 6210 747 5335 42 7716 7435 7.10 6800 6347 675 5328 46 460 8471 AM 500 111 7222 7.300 4710 6145 5600 216 4433 787253 76 4306 77 733 64955304 5453 029 466 Periods Pred2 1828 P3 217 2106 200 1500 Period 4 2% 3% 4% 10% 12% 1000 1000 1000 1000 1000 1000 1000 1000 1000 2010 2000 2300 2040 2063 2060 2000 2100 2120 3000 3000 3001 3.122 1155 3.1M 3248 3310 3374 4060 4122 41M 4340 4353 4375 4500 4041 4779 5.101 5204 5300 41 M 6363 14% 18% 1000 1000 1.000 1000 2.140 2.160 2200 3440 3.506 3572 3640 5066 401 1215 5301 6877 1154 744 327 201 Period 6152 630 66 86 40 3308 7214 450 34 10.730 11.414 12.142 12916 1405 3837 826 833 AZ $214 54 7 10437 11406 12.300 14240 15307 16.065 17519 190 43001 4001 Period 11 1407 17549 11567 12.12.08 13.486 14.307 14.972 16.445 1851 204 10307 21.301 23521 250 Pred 14 13004 6.434 542 5295 8344 7367 608 6000 558 706 811 4327 5342 4910 4533 54 5008 4611 113811118 10.380 712 7500 54477 1300 12 462 11470 18 514 74 423 509 533 1741516822 14 094 12.783 13.675 sar 7543 372 607 547 5372 13285 11.258427 6.055 7000 177 5517 4379 2045 38733 36751 300 34331 30009 36.796 Period 14 Perid 15 0 4475 4870 Pered 20 14547 15374 170068252 1500 21015 24215 27375 32.30 16007 17:293 18.599 20004 21579 23.2% 27.152 31.772 3720 4160 22019 24 297 26.870 2.779 30066 76 4572 67275 72.02 371 43472 50818 196 1660 Pered 25 28 243 32.000 3645841648 47 737 54 710 347 133.334 115380 242214 14 4 342603 471 Period Period 30 34.785 43568 4775 60s 0.439 79008 113283444 24333 36787 530312 760348 381 Period 404520660400 75401 96005 120 800 154762 250067 442.593 767091342 605 1366 757 4.363237343858 Option #1: $16,000,000 four years from now Option #2: $2,150,000 at the end of each year for the next five years Option #3: $13,000,000 three years from now Data table 2 3 233 44655 Print Done