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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.)
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 t (Click the icon to view the future value annuity factor tal Data table Assuming that you can earn 6% on your funds, which option would you prefer? (Round your answers to the nearest whole dolla Option #1: $15,000,000 four years from now Option #2 $2,100,000 at the end of each year for the next six years Option #3: $13,000,000 three years from now Calculate the present value for each payout Option #1: Option #2: Option #3: The option you would you prefer is the one that has the present value. Therefore, would be the preferred payout option. Type here to search O D Et Print Done 46F Activate Windows Time Remaining: 00:26:39 Submi 11:20 ENG 4/241
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