Congratulations! You've won a state lotto The state lottery offers you the following after tax) payout options (Cick the icon to view the payout options) (Cick the icon to view the present value factor table) Click the foon to view the present value annuity factor table) Cick 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 Option1 Enter tentheas and then dick Check Answer Data Table Option #1: $13,500,000 six years from now Option #2: $2,300,000 at the end of each year for the next six years Option #3: $12,500,000 three years from now Print Done Present Value of $1 3% 4% Periods 1% 2% 5% 6% 8% 10% 12% 14% 16% 18% 20% eriod 1 0.990 0.980 0.971 0.962 0.952 0.943 0.926 0.909 0.8930.877 0.862 0.847 0.833 eriod 2 0.980 0.961 0.943 0.925 0.907 0.890 0.857 0.826 0.797 0.769 0.743 0.7180.694 Jeriod 3 0.971 0.942 0.915 0.8890.864 0.840 0.794 0.751 0.712 0.675 0.641 0.609 0.579 eriod 4 0.961 0.924 0.888 0.855 0.823 0.792 0.736 0.683 0.636 0.592 0.552 0.516 0.482 eriod 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 eriod 6 0.942 0.888 0.837 0.790 0.746 0.705 0.630 0.564 0.507 0.4560.410 0.370 0.335 eriod 7 0.933 0.871 0.813 0.760 0.7110.665 0.583 0.513 0.452 0.400 0.354 0.314 0.279 eriod 8 0.923 0.853 0.789 0.731 0.677 0.627 0.540 0.467 0.404 0.351 0.305 0.266 0.233 eriod 9 0.914 0.837 0.766 0.703 0.645 0.592 0.500 0.424 0.361 0.308 0.263 0.225 0.194 eriod 10 0.906 0.820 0.744 0.676 0.614 0.558 0.463 0.386 0.322 0.270 0.227 0.191 0.162 eriod 110.896 0804 0.722 0.650 0.586 0.527 0.429 0.350 0 287 0237 0.195 0.162 0.135 eriod 12 0887 0.788 0.701 0.625 0.667 0.497 397 0 3190 2570 208 0.168 0.137 0.112 eriod 13 0.879 0.773 0.681 0.601 0.530 0469 0.368 0 290 0.229 0.182 0.145 0.116 0.093 eriod 14 0.870 0758 0.661 0.577 0,606 0442 0.340 0.263 0.205 0.160 0.125 0.099 0.078 eriod 150861 0.743 0.642 0.556 0.481 0.41703150 239 0.183 0.140 0.108 0.084 0.065 eriod 200.820 0.673 0.554 0.456 0.377 0.312 0215 0.149 0.104 0.073 0.0510037 0026 270 170 1.200 no ari 276 n LOT eriod 1 0.990 0.980 0.971 0.962 0.952 0.943 0.926 0.9090.893 0.877 0.862 0.847 0.833 eriod 2 0.9800.961 0.943 0.925 0.9070.890 0.8570.826 0.797 0.769 0.743 0.7180.694 eriod 3 0.971 0.942 0.915 0.889 0.864 0.840 0.794 0.751 0.712 0.675 0.641 0.609 0.579 eriod 4 0.961 0.924 0.888 0.855 0.8230.792 0.735 0.683 0.636 0.592 0.552 0.516 0.482 eriod 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 eriod 6 0.942 0.888 0.837 0.790 0.746 0.705 0.630 0.564 0.507 0.456 0.410 0.370 0.335 eriod 7 0.933 0.871 0.813 0.760 0.711 0.665 0.583 0.513 0.452 0.400 0.354 0.314 0.279 eriod 8 0.923 0.853 0.789 0.731 0.677 0.6270.540 0.467 0.4040.351 0.305 0.266 0.233 eriod 9 0.914 0.837 0.766 0.703 0.645 0.592 0.500 0.424 0.361 0.308 0.263 0.225 0.194 eriod 100.905 0.820 0.744 0.676 0.614 0.558 0.463 0.386 0.322 0.270 0.227 0.1910.162 eriod 0.896 0.804 0.722 0.650 0.585 0.527 0.429 0.350 0.287 0.237 0.1950.162 0.135 eriod 120.887 0.788 0.701 0.625 0.567 0.497 0.397 0.319 0.257 0.208 0,168 0.137 0.112 eriod 130.879 0.773 0.681 0.601 0.530 0.4690.368 0.290 0.229 0.182 0.145 0.116 0.093 eriod 14 0.8700.758 0.661 0.577 0.505 0.442 0.340 0.263 0.205 0.160 0.125 0.099 0.078 eriod 15 0.861 0.743 0.642 0.566 0.481 0.417 0.315 0.2390.183 0.140 0.108 0.084 0.065 eriod 200.820 0.673 0.554 0.466 0.377 0.312 0215 0.149 0.104 0.073 0.051 0.037 0.026 eriod 25 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 eriod 30 0.742 0.552 0.412 0.308 0.231 0.1740.099 0.057 0.033 0.020 | 0.012 0.007 0.004 eriod 400.6720.453 0.307 0.2080.142 0.097 0.046 0.022 0.011 0.005 0.003 0.001 0.001 1,300 Future Value of $1 Periods 1% 2% 3% 4% 5% 6% 8% 10% 12% 14% 16% 18% 20% Period 1 1.010 1.020 1.030 1.040 1.050 1,060 1.080 1.100 1.120 1.140 1.160 1.180 1.200 Period 2 1.020 1,040 1.061 1.082 1.103 1.124 1.166 1.210 1.254 1.346 1.392 1440 Period 3 1.030 1061 1.093 1.125 1.158 1.191 1.260 1.331 1.405 1.482 1.561 1.643 1.728 Period 4 1.041 1,082 1.126 1.170 1.216 1.262 1.360 1.464 1.574 1.689 1.811 1.939 2074 Period 5 1.051 1.104 1.159 1.217 1276 1.338 1469 1.611 1.762 1.925 2100 2.288 2488 Period 6 1.062 1.126 1.194 1.265 1.340 1.419 1.587 1.772 1.9742.195 2436 2.700 2986 Period 7 1.072 1.149 1.230 1.316 1.407 1.504 1.714 1.949 2.211 2.502 2.826 3.185 3,583 Period 8 1.083 1.172 1.257 1.369 1.477 1.594 1.851 2.144 2476 2853 3.278 3.759 4.300 Period 9 1.094 1.195 1.305 1.423 1551 1.689 1.999 2358 2.773 3.252 3.803 4.435 5.160 Period 10 1.105 1.219 1.344 1.480 1.629 1.791 2.1592594 3.106 3707 4.411 5.234 6.192 Period 11 1.116 1.243 1.384 1.639 1.710 1.898 2332 2.853 3.479 4.226 5.117 6.176 7.430 Period 12 1.127 1.268 1.426 1.601 1.796 2012 2518 3.138 3.898 4818 5.936 7288 8.916 Period 13 1.138 1 294 1.469 1666 1886 2133 2720 3.452 4.363 5.492 6.886 8.599 10.699 Period 14 1.149 1319 1.513 1.732 1.980 2261 2.937 3.797 4887 6.261 7988 10.147 12.839 Period 15 1.161 1.346 1.558 1.801 2079 2.397 3.172 4.177 5.474 7.138 9.266 11.974 16.407 Period 20 1.220 1.486 1.806 2.191 2653 3.207 4661 6.727 9.646 13.743 19.461 27 393 38 338 Inarind 4.000 M ARA 20 Anon 026 2 DAHA OTA E 200 14 RO Period 1 1.010 1.020 1.030 1.040 1.050 1.060 1.080 1.100 1.120 1.140 1.160 1.180 1.200 Period 2 1.020 1.040 1.061 1,082 1.103 1.124 1.166 1.210 1.254 1,300 1.346 1.392 1.440 Period 3 1.030 1.061 1.093 1.125 1.158 1.191 1.260 1.331 1.405 1.482 1.561 1.643 1.728 Period 4 1.041 1.082 1.126 1.170 1.216 1.262 1.360 1.464 1.574 1.689 1.811 1.939 2.074 Period 5 1.0511.104 1.159 1.217 1.276 1.338 1.469 1.611 1.762 1.925 2.100 2.288 2488 Period 6 1.062 1.126 1.194 1.265 1.340 1419 1.587 1.772 1.974 2. 195 2436 2.700 2.986 Period 7 1072 1.149 1.230 1.316 1.407 1.504 1.714 1.949 2.211 2.502 2.826 3.185 3.583 Period 8 1,083 1.172 1.267 1.369 1.477 1.594 1.851 2.144 2.476 2.853 3.278 3.759 4.300 Period 9 1.094 1.195 1.305 1.423 1.551 1.689 1.999 2.358 2.773 3.252 3803 4.435 5.160 Period 10 1.105 1.219 1.344 1.480 1.629 1.791 2.159 2.594 3.106 3.707 4.411 5.234 6.192 Period 11 1.116 1.243 1,384 1.539 1.710 1.898 2332 2.853 3.479 4 226 5.117 6.176 7.430 Period 12 1.127 1.268 1.426 1.601 1.796 2012 2.518 3.138 3.896 4.818 5.936 7.288 8.916 Period 13 1.138 1.294 1.469 1,665 1.886 2.133 2.720 3.452 4.363 5.492 6.886 8.599 10.699 Period 14 1.149 1.319 1.513 1.732 1980 2.261 2.937 3.797 4.887 6.261 7.988 10.147 12.839 Period 15 1.161 1.346 1.558 1.801 2.079 2.397 3.1724 177 5.474 7,138 9.266 11.974 15.407 Period 20 1.220 1486 1 806 2. 1912 653 3.207 4.661 6.727 9.646 13.743 19 461 27 393 38.338 Period 25 1.282 1641 2.094 2.666 3.386 4.292 6.848 10.83517.000 26.462 40.874 | 62 669 95 396 Period 30 1.348 1.811 2.427 3.243 4.322 5.743 10.063 | 17449 29.96050 950 85.850 143,371 237 376 Period 40 1489 2208 3.262 4.801 7040 10.286 21.726 45.25993.051 183.884 378.721 750 3781,469.772 Present Value of Annuity of $1 Periods 1% 2% 3% 4% 5% 6% 8% 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 1913 1.886 1.859 1.833 1.783 1.736 1.690 1647 1.605 1.566 1.528 Period 3 2.9412.884 2.8292775 2.723 2.673 2.677 2.487 2.402 2.322 2.246 2.174 2.106 Period 4 3.902 3.808 3.717 3.630 3.546 3.465 3.312 3.170 3,037 2.914 2.798 2.6902.589 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 6 5.795 5.601 5.417 5.242 5.076 4.917 4623 4.355 4.111 3.8893.685 3.498 3.326 Period 7 6.728 6.472 6.230 6.002 5.786 5.582 5.206 4.868 4.564 4.288 4.039 3.812 3.605 Period 8 7.652 7.325 7.020 6.733 6.463 6.210 5.747 5.335 4.968 4.639 4.344 4.078 3.837 Period 9 8.5668.1627.786 7.435 7.108 6.802 6 247 6.759 5.328 4.946 4.607 43034.031 Period 10 9.471 8.983 8.530 8.1117.7227.360 6.710 6.145 5.660 5.216 4.833 4.494 4.192 Period 11 10.368 9.787 9.2538.7608.306 7.8877 139 6.495 5.938 5.453 5.029 4.656 4.327 Period 12 11.255 10.575 9.954 9.3858.863 8.384 7.536 6.814 6.194 5.660 5.1974.793 4.439 Period 1312134 11 348 10.636 9.986 9.394 8.853 7.904 7.103 6.424 5.842 5.342 4910 4.533 Period 14 13.004 12.106 11.296 10563 9.899 9.2958.244 7.3676.628 6.0025.468 5.008 4.611 Period 15 13.865 12.849 11.938 11.118 10.380 9.7128.559 7.606 6.811 6.142 5,575 5.092 4.675 Period 20 18.046 16.351 14.877 13.590 12.462 11.470 9.818 8.514 7 469 6.623 6.929 5.363 4.870 Inarin 25 na 1053 1174101111 47001 in 876 177 17043 6AA7 072 7 no Reference 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 1.913 1.886 1.859 1.833 1.783 1.736 1.690 1647 1.605 1.566 1.528 Period 3 2.941 2884 2.829 2.775 2.723 2.673 2.577 2.487 2.402 2.322 2.246 2.174 2.106 Period 4 3.902 3.808 3.717 3.630 3.546 3.465 3.312 3.170 3.037 2914 2.798 2.690 2.589 Period 5 4.853 4.713 4.580 4.452 4329 4.212 3.993 3.791 3.605 3.433 3.274 3.127 2.991 Period 6 6.795 5.601 5.417 5.242 5.076 4.917 4.623 4.355 4.111 3.889 3.686 3.498 3.326 Period 76.728 6.472 6.230 6.002 5.786 5.5825.206 4.8684.564 4.288 4.039 3.812 3.605 Period 87.652 7,325 7.0206.7336.463 6.210 5.7475.335 4.968 4.6394.344 | 4.078 3.837 Period 9 8.566 8.162 7.786 7.435 7.108 6.802 6.247 5.759 5,328 4.946 4.607 4.303 4.031 Period 10 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 Period 11 10.368 9.787 9.2538.760 8.3067.887 7.139 6.495 5.938 5.453 5.029 4.656 4.327 Period 12 11 255 10.575 9.954 9.385 8.8638.384 7.536 6.814 6.1945.6605.1974.793 4.439 Period 13 12 134 11,348 10.635 9.9869.3948.853 7.904 7.103 6.424 5.842 5.3424.910 4.533 Period 14 13.004 12.106 11.296 10.563 9.899 9.295 8.244 7.367 6.628 6.0025.468 5.008 4.611 Period 15 13.865 12.849 11.938 11.118 10 380 9.7128.5597-606 6.811 6.142 5.575 5.092 4.675 Period 2018.046 16,351 14.877 13.590 12462 11,470 9.818 8.514 7.4696.623 5.9295,353 4.870 Period 25 22.023 19.523 17.413 16.622 14.094 12.783 10.675 9,077 7.843 6.8736.097 5.467 4948 Period 30 26.80822.396 19.600 17.292 15,372 13.765 112589.427 8.0567.0036.177 5.517 4.979 Period 40 32.835 27 355 23.116 19.793 17 159 15.046 11.925 9.7798244 7. 105 6.233 5.548 4.997 Future Value of Annuity of $1 14% 1.000 2.140 3.440 4.921 6.610 16% 1.000 2. 160 3.506 5.066 6.877 18% 1.000 2.180 3.572 5.215 7.154 Periods 1% 2% 3% 4% 5% 6% 8% 10% 12% Period 1 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 Period 2 2.010 2020 2.030 2040 2.050 2.060 2.080 2.100 2.120 Period 3 3.0303.060 3,091 3.122 3.153 3.184 3.246 3.310 3.374 Period 4 4.0604.122 4.184 4.246 4.310 4.375 4.506 4641 4.779 Period 5 5.101 5.204 5.309 5.416 5.526 5.637 5.867 6.105 6.353 Period 6 6.152 6.308 6.468 6.633 6.802 6.975 7.336 7.716 8.115 Period 7 7.214 7.434 7,662 7.898 8.142 8.394 8.923 9.487 10.089 Period 8 8.286 8.583 8.892 9.214 9.549 9.897 10.637 11 436 12 300 Period 9 9.369 9.755 10.159 10.583 11.02711.491 12.488 13.579 14.776 Period 10 10.462 10.950 11.464 12.006 12.578 13.181 14.487 | 15.937 17.549 Period 11 11.567 12.1691280813 486 14.207 14.972 16.646 18.531 20.656 Period 12 12683 13.412 14.192 15.026 15,917 16.870 18.977 21.384 24.133 Period 13 13.809 14.680 15.618 16.627 17.713 18.882 21.495 24.623 28.029 Period 14 14.94715.974 17.086 18.292 19.599 21.015 24 215 27 975 32 393 Period 15 16.097 17.293 18.5992002421.579 23.276 27.152 31.772 37.280 20% 1.000 2 200 3.640 5.368 7442 9.930 12916 16.499 20.799 25.959 8.536 10.730 13.233 16.0 19.337 8.977 11.414 14.240 17.519 21.321 9.442 12.142 15.327 19.086 23.521 23.045 27 271 32.089 37,581 43.842 25.733 30.850 36.786 43.672 51,660 28.755 34.931 42219 50.818 60.965 32,160 39.581 48.497 59.196 72.035 Period 20 Innrint 22019 24 297 26.870 29.778 33.066 36.786 45.762 57 27572 052 no A2 annan 26 URAR SA DA 72 00247 192 294 91.025 10+ 071 115 380 2014 146.628 24 na 186.688 47401 Reference 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 2010 2.020 2030 2040 2.050 2,060 2080 2.100 2.120 2.140 2.160 2.180 2200 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 4.184 4.246 4.310 4.375 4.506 4.641 4.779 4.921 6,066 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 12916 Period 8 8 286 8.583 8.892 9.214 9.549 9.897 10.637 11.43612 300 13.233 14.240 15,327 16.499 Period 9 9,369 9,755 10.15910583 11.027 11491 12.488 13.579 14776 16.085 17.519 19.085 20.799 Period 10 10.462 10.950 11.464 12.006 1257813 181 14.487 15.937 17.549 19.337 21.321 23.521 25.959 period 11 11.567 12 16912808 13.486 14 207 14.97216 645 18.531 20.655 23.045 25 733 28.755 32 150 Period 12 12.68313 41214.192 15.026 15 917 | 16.870 18.977 21.384 24 133 27 271 30.850 34.931 39.581 Period 13 13.809 14.680 15.618 16.627 17.71318 882 21.495 24.523 | 28 029 32089 36.786 42219 48 497 Period 14 14.94715.974 17.086 18.292 19,699 2101524 215 27 97532393 37581 43.672 60.818 59.196 Period 15 16 097 17 29318,5992002421.579 23 276 271523177237 280 43.842 61.660 60.965 72.035 Period 20 22019 24.297 26.870 29.77833,066 36.786 45.762 57 275 | 72052 91026 116.380 146.628 186.688 Period 25 28 2433203036.459 41646 | 47.72754 865 73.106 98.347 133 334 181.871 249 214 342803 471.981 Period 30 34 785 40.568 47 575 56,085 65.43979.058 113283 164 494241,333 356.787 530.312 790 948 1,181.882 Period 40 48.886 60.402 75.401 95.026 120 300154 762259,0574426931767.09113420262 360 757 4.163 213 7343 858