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 present value annuity factor table.) (Click the icon to view the future value factor table.) (Click the icon to view the future value annuity factor table.) Requirement 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 #13 i Data Table X - Option #1: $14,500,000 four years from now Option #2: $2,200,000 at the end of each year for the next five years Option #3: $11,000,000 three years from now Print Done Reference Present Value of S1 Periods 1% 2% 3% 4% 5% 6% 8% 10% 12% 14% 16% 18% 20% Period 10.990 0.980 0.971 0.962 0.952 0.943 0.926 0.909 0.893 0.877 0.862 0.847 0.833 Period 20.980 0.961 0.943 0.925 0.907 0.890 0.857 0.826 0.797 0.769 0.743 0.7180.694 Period 30.971 0.942 0.915 0.889 0.864 0.840 0.794 0.751 0.712 0.675 0.641 0.609 0.579 Period 40.961 0.924 0.888 0.855 0.823 0.792 0.735 0.683 0.636 0.592 0.552 0.516 0.482 Period 5 0.951 0.906 0.863 0.822 0.784 0.747 0.681 0.621 0.567 0.519 0.476 0.437 0.402 Period 60.942 0.888 0.837 0.790 0.746 0.705 0.630 0.564 0.507 0.4560.410 0.370 0.335 Period 70.933 0.871 0.813 0.760 0.711 0.665 0.583 0.513 0.452 0.400 0.354 0.314 0.279 Period 80.923 0.853 0.789 0.731 0.677 0.627 0.540 0.467 0.404 0.351 0.305 0.266 0.233 Period 90.914 0.837 0.766 0.703 0.645 0.592 0.500 0.424 0.361 0.308 0.263 0.225 0.194 Period 0.905 0.820 0.744 0.676 0.614 0.558 0.463 0.386 0.322 0.270 0.227 0.191 0.162 110 Period 11 0.896 0.8040.722 0.650 0.585 0.527 0.429 0.350 0.287 0.237 0.1950.162 0.135 Period 0.887 0.788 0.701 0.625 0.557 0.497 0.397 0.319 0.257 0.208 0.1680.137 0.112 12 Period 0.879 0.773 0.681 0.601 0.530 0.469 0.368 0.290 0.229 0.182 0.145 0.116 0.093 13 Period 0.870 0.758 0.661 0.577 0.505 0.442 0.340 0.263 0.205 0.160 0.125 0.099 0.078 14 Period 0.861 0.743 0.642 0.5550.481 0.417 0.315 0.239 0.183 0.140 0.108 0.084 0.065 15 0.820 0.673 0.554 0.456 0.377 0.312 0.215 0.149 0.104 0.073 0.051 0.037 0.026 0.780 0.610 0.478 0.375 0.295 0.233 0.146 0.092 0.059 0.038 0.024 0.0160.010 Period 20 Period 25 Period 30 Period 40 0.742 0.552 0.412 0.308 0.231 0.174 0.099 0.057 0.033 0.0200.012 0.007 0.004 0.672 0.453 0.307 0.208 0.142 0.097 0.046 0.022 0.0110.005 0.003 0.001 0.001 Print Done 1 Reference 5% 20% 1.140 Periods Period 1 Period 2 Period 3 Period 4 Period 5 1% 1.010 1.020 1.030 1.041 1.051 2% 3% 1.020 1.030 1.040 1.061 1.061 1.093 1.082 1.126 1.104 1.159 1.126 1.194 1.149 1.230 1.1721.267 1.195 1.305 1.219 1.344 Period 6 Period 7 Period 8 Period 9 Period 10 1.062 1.072 1.083 1.094 1.105 Future Value of S1 4% 6% 8% 10% 12% 14% 16% 18% 1.040 1.050 1.060 1.080 1.100 1.120 1.160 1.180 1.200 1.082 1.103 1.124 1.166 1.210 1.254 1.300 1.346 1.392 1.440 1.125 1.158 1.191 1.260 1.331 1.405 1.482 1.561 1.643 1.728 1.170 1.216 1.262 1.360 1.464 1.574 1.689 1.811 1.939 2.074 1.217 1.276 1.338 1.469 1.611 1.762 1.925 2.100 2.288 2.488 1.265 1.340 1.419 1.587 1.772 1.974 2.195 2.436 2.700 2.986 1.316 1.407 1.504 1.714 1.949 2.211 2.502 2.826 3.185 3.583 1.369 1.477 1.594 1.851 2.144 2.476 2.853 3.278 3.759 4.300 1.423 1.551 1.689 1.999 2.3582.773 3.252 3.803 4.435 5.160 1.480 1.629 1.791 2.159 2.594 3.106 3.707 4.411 5.234 6.192 1.539 1.710 1.898 2.332 2.853 3.479 4.226 5.117 6.176 7.430 1.601 1.796 2.012 2.518 3.138 3.896 4.818 5.936 7.288 8.916 1.665 1.886 2.133 2.720 3.452 4.363 5.492 6.886 8.599 10.699 1.732 1.980 2.261 2.937 3.797 4.887 6.261 7.988 10.147 12.839 1.801 2.079 2.397 3.172 4.177 5.474 7.138 9.266 11.974 15.407 2.191 2.653 3.207 4.661 6,727 9.646 13.74319.461 27.393 38.338 2.666 3.386 4.2926.848 10.83517.000 26.462 40.874 62.669 95.396 3.243 4.322 5.743 10.063 17.449 29.960 50.950 85.850 143.371 237.376 4.801 7.040 10.286 21.725 45.25993.051 188,884 378.721 750,3781.469.772 Period 11 Period 12 Period 13 Period 14 Period 15 1.116 1.243 1.384 1.127 1.268 1.426 1.138 1.294 1.469 1.149 1.319 1.513 1.161 1.346 1.558 1.220 1.486 1.806 1.282 1.641 2.094 1.348 1.811 2.427 1.489 2.208 3.262 Period 20 Period 25 Period 30 Period 40 Print Done X 0 Reference 8% Present Value of Annuity of S1 Periods 1% 2% 3% 4% 5% 6% 10% 12% 14% 16% 18% 20% Period 1 0.990 0.980 0.971 0.962 0.952 0.943 0.926 0.909 0.893 0.877 0.862 0.847 0.833 Period 2 1.970 1.942 1.9131.886 1.859 1.833 | 1.783 1.736 1.6901.647 | 1.605 1.566 1.528 Period 3 2.941 2.884 2.8292.775 2.723 2.673 2.577 2.487 2.402 2.322 2.246 2.174 2.106 Period 43.902 3.808 3.717 3.630 3.546 3.465 3.312 3.170 3.037 2.914 2.798 2.690 2.589 Period 5 4.853 4.713 4.580 4.452 4.329 4.212 3.993 3.791 3.605 3.433 3.274 3.127 2.991 Period 65.795 5.601 5.417 5.2425.076 4.917 4.623 4.355 4.111 3.889 3.685 3.498 3.326 Period 76.728 6.472 6.230 6.0025.786 5.5825.206 4.868 4.564 4.288 4.039 3.812 3.605 Period 87.652 7.3257.020 6.733 6.463 | 6.210 5.7475.335 4.968 4.639 4.344 4.078 3.837 Period 98.5668.1627.786 | 7.435 7.108 6.8026.247 5.759 5.328 4.9464.607 4.303 4.031 Period 9.471 8.983 8.530 8.111 | 7.722 7.360 6.710 6.145 5.6505.216 4.833 4.494 4.192 10 Period 11 10.368 9.7879.253 8.760 8.306 7.887 7.139 6.495 5.938 5.453 5.029 4.656 4.327 Period 11.255 10.575 9.954 9.3858.8638.384 7.536 6.814 6.1945.660 5.1974.793 4.439 12 Period 12.13411.348 10.635 9.9869.394 8.853 7.904 7.103 6.424 5.842 3.342 4.910 4.533 13 Period 13.004 12.106.11.296 10.563 9.899 9.295 8.244 7.367 | 6.628 6.0025.468 5.0084.611 14 Period 13.865 12.849 11.93811.11810.380 9.712 8.559 7.606 6.811 6.142 5.575 5.092 4.675 15 Period 18.046 16.351 14.877 13.590 12.462 11.470 9.818 8.514 7.469 6.623 5.9295.353 4.870 20 Period 22.023 19.523 17.41315.622 14.094 12.783 10.6759.077 7.8436.8736.097 5.467 4.948 25 Period 25.808 22.396 19.600|17.292 15.372 13.765|11.2589.427 8.055 7.003 6.1775.517 4.979 30 Period 32.835 27.355 23.115|19.793 17.159 15.046 11.925 9.779 8.244 7.105 6.233 5.548 4.997 140 Print Done Reference -- Future Value of Annuity of S1 Periods 1% 2% 3% 4% 5% 6% 8% 10% 12% 14% 16% 18% 20% Period 1 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 Period 2 2.010 2.020 2.030 2.040 2.050 2.060 2.080 2.100 2.120 2.140 2.160 2.180 2.200 Period 3 3.030 3.060 3.091 3.122 3.153 3.184 3.246 3.310 3.374 3,440 3.506 3.572 3.640 Period 4 4.060 4.122 4.1844.246 4.310 4.375 4.506 4.641 4.779 4.921 5.066 5.215 5.368 Period 5 5.101 5.204 5.309 5.416 5.526 5.637 5.867 6.105 6.353 6.610 6.877 7.154 7.442 Period 6 6.152 6.308 6.468 6.633 6.802 6.975 7.336 7.716 8.115 8.536 8.977 9.442 9.930 Period 7 7.214 7.434 7.662 7.898 8.142 8.394 8.923 9.487 10.089 10.730 11.414 12.142 12.916 Period 8 8.286 8.583 8.892 | 9.214 9.549 9.897 10.637 11.436 | 12.300 13.233 14.240 15.327 16.499 Period 9 9.369 9.755 10.159 10.583 11.027 11.491 | 12.488 | 13.579 14.776 16.085 17.519 19.086 20.799 Period 10 10.462 10.950 11.464 12.006 12.578 13.181 14.48715.937 17.549 19.337 21.321 23.521 25.959 Period 11 11.567 12.169 12.80813.486 14.207 14.972 16,645 18.531 20.655 23.045 25.733 28.755 32.150 Period 12 12.683 13.412 14.192|15.026 15.917 16.870 18.977 21.38424.133 27.271 30.850 34.931 39.581 Period 13 | 13.809 14.680 15.61816.627 17.713 18.882 21.495 24.52328.029 32.089 36.786 42.219 48.497 Period 14 14.947 15.974 17.08618.29219.599 21.015 24.215 27.97532.393 37.581 43.672 50.818 59.196 Period 15 16.097|17.293 18.59920.024 21.579 23.276 27.152 31.772 37.280 43.842 51.660 60.965 72.035 Period 20 22.01924.29726.870 29.778 33.066 36.786 45.762 57.275 | 72.052 91.025 115.380 146.628 186.688 Period 25 28.243 32.03036.459 41.646 47.72754.865 73.106 98.347 133.334 181.871 249.214 342.603471.981 Period 30 34.785 40.568 47.57556.085 66,43979.058 113.283 164.494 241.333 356.787530.312790.948 1.181.882 Period 40 48.886 60.402 75.401 95.026 120.800 154.762259.057|442.593767.0911.342.025 2,360.7574,163.213/7,343.858 Print Done