Question
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 table.) (Click the icon to view the future value annuity factor table.) Assuming that you can eam 10% on your funds, which option would you prefer? (Round your answers to the nearest whole dollar.) Data table Calculate the present value for each payout. Option #1: Option #1: $13,500,000 six years from now Option #2: $2,300,000 at the end of each year for the next five years Option #3: $10,500,000 four years from now - X
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