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 6% on your funds, which option would you prefer? (Round your answers to the nearest whole dollar) Calculate the present value for each payout X Data Table Option #1 Option #1 $14,000,000 five years from now Option 82 52 300.000 at the end of each year for the next five years Option #3 $11.500.000 four years from now Print Done Enter any number in the edit nields and then click Check 1 2 3 4 5 0.990 0.980 0.971 0.961 0.951 0.980 0.961 0.942 0.924 0.906 0.971 0.943 0.915 0.888 0.863 0.962 0.925 0.889 0.855 0.822 0.952 0.907 0.864 0.823 0.784 0.943 0.890 0.840 0.792 0.747 0.926 0.857 0.794 0.735 0.681 0.909 0.826 0.751 0683 0.621 0.893 0.797 0.712 0.636 0.567 0.877 0.769 0.675 0.592 0.519 0.862 0.743 0.641 0.552 0.476 0.847 0.718 0.609 0.516 0.437 0.833 0.694 0.579 0.482 0.402 6 7 8 9 10 0.942 0.933 0.923 0.914 0.905 0.888 0.871 0.853 0.837 0.820 0.837 0.813 0.789 0.766 0.744 0.790 0.760 0.731 0.703 0.676 0.746 0.711 0.677 0.645 0.614 0.705 0.665 0.627 0.592 0.558 0.630 0.583 0.540 0.500 0.463 0.564 0.513 0.467 0.424 0.386 0.507 0.452 0.404 0.361 0.322 0.456 0.400 0.351 0.308 0.270 0.410 0.354 0.305 0.263 0.227 0.370 0.314 0.266 0.225 0.191 0.335 0279 0.233 0.194 0.162 11 12 13 14 15 0.896 0.887 0.879 0.870 0.861 0.804 0.788 0.773 0.758 0.743 0.722 0.701 0.681 0.661 0.642 0.554 0.478 0.650 0.625 0.601 0.577 0.555 0.585 0.557 0.530 0.505 0.481 0.527 0.497 0.469 0.442 0.417 0.429 0.397 0.368 0.340 0.315 0.215 0.146 0.350 0.319 0.290 0.263 0.239 0287 0.257 0.229 0.205 0.183 0.237 0.208 0.182 0.160 0.140 0.195 0.168 0.145 0.125 0.108 0.162 0.137 0.116 0.099 0.084 0.135 0.112 0.093 0.078 0.065 0.456 20 25 0.820 0.780 0.673 0.610 0.377 0.295 0.312 0.233 0.149 0.092 0.104 0.059 0.073 0.038 0.051 0.024 0.037 0.016 0.026 0.010 0.375 n Print Done INS Reference TUU VARU Periods 1 2 3 4 5 19 1.010 1.020 1.030 1.041 1.051 2% 1.020 1.040 1.061 1.082 1.104 4% 1040 1082 1.125 1.170 1217 1.050 1.103 1.158 1216 1276 6% 1.060 1.124 1.191 1262 1338 8% 1.080 1.166 1.260 1.360 1.469 1.587 1.714 1.851 1.999 2.159 14% 1.140 1.300 1.482 1689 1.925 12% 1.120 1.254 1.405 1574 1.762 1.974 2211 2476 2773 3.106 16% 1.160 1.346 1.561 1.811 2100 18% 1.180 1.392 1643 1939 2288 20% 1200 1.440 1.728 2074 2488 6 7 8 9 10 3% 1.030 1.051 1.093 1.126 1.159 1.194 1.230 1 267 1 306 1344 1 384 1425 1.469 1513 1.558 1062 1.072 1.083 1.094 1.105 1.126 1.149 1.172 1.195 1.219 1340 1.407 1.477 1.551 1.629 1.419 1.504 1.594 1.689 1.791 10% 1.100 1210 1.331 1.464 1611 1.772 1.949 2144 2358 2594 2853 3.138 3.452 3.797 4.177 2.195 2502 2853 3.252 3.707 1265 1316 1369 1.423 1480 1.539 1601 1 665 1 732 1.800 2436 2826 3278 3.803 2700 3.185 3.759 4.435 5.234 11 12 13 14 15 1.116 1.127 1.138 1.149 1.161 1.243 1 253 1 294 1319 1.346 2986 3.583 4.300 5160 6.192 7430 8.916 10.699 12839 15 407 1.710 1.796 1.886 1980 2.079 1.898 2012 2.133 2261 2397 2.332 2518 2720 2.937 3.172 3.479 3.890 4.363 4837 5.474 4 225 4818 5.492 6.261 7.138 5.117 5.930 6.886 7.988 9256 6.178 7238 8.599 10.147 11.974 Print Done Periods 1 2 3 4 5 1% 0.990 1.970 2941 3.902 4.853 2% 0980 1.942 2.884 3.808 4.713 3% 0.971 1.913 2829 3.717 4.580 0.962 1.886 2.775 3.630 4452 Present Value of Annuity of $1 5% 6% 8% 10% 0.952 0.943 0.926 0.909 1.859 1.833 1.783 1.736 2723 2.673 2577 2.487 3.546 3.465 3.312 3.170 4.329 4212 3.993 3.791 5.076 4917 4.623 4.355 5.786 5.582 5 206 4.868 6.463 6.210 5.747 5.335 7.108 6 802 6.247 5.759 7.722 7.360 6.710 6.145 12% 0.893 1.690 2.402 3.037 3.605 14% 0.877 1.647 2322 2914 3.433 16% 0.862 1.605 2246 2.798 3274 18% 0.847 1.566 2.174 2690 3.127 20% 0.833 1.528 2.106 2.589 2.991 6 7 8 9 10 4.111 4.564 4.968 5.328 5.650 3.889 4.288 4.639 4.946 -5.216 5.795 5.601 5.417 5.242 6.728 6.472 6.230 6.002 7.652 7.325 7.020 6.733 8.566 8.162 7.786 7.435 9.471 8.983 8.530 8.111 10.368 9.787 9.253 8.760 11.255 10.575 9.954 9.385 12.134 11.348 10.635 9.986 13.004 12 106 11.296 10.563 13.265 12.849 111032 11 119 3.685 4039 4.344 4.607 4.833 3498 3.812 4.078 4.303 4.494 3.326 3.605 3.837 4.031 4.192 11 12 13 14 15 8.306 8.863 9.394 9.899 10.39 7.887 8.384 8.853 9.295 0712 7.139 7.536 7.904 8.244 8550 6.495 6.814 7.103 7.367 7606 5.938 6.194 6.424 6.628 6.811 5.453 5.660 5.842 6.002 6.142 5.029 5.197 5.342 5.468 5.575 4.656 4.793 4910 5.008 5002 4.327 4.439 4.533 4611 4.675 Print Done eriods 1 2 3 4 5 1% 1.000 2010 3.030 4.060 5.101 2% 1.000 2020 3.060 4.122 5.204 3% 1.000 2030 3.091 4.184 5.309 4% 1.000 2040 3.122 4246 5.416 6.633 7.898 9.214 10.583 12.006 12% 1.000 2120 3.374 4.779 6.353 14% 1.000 2140 3.440 4.921 6.510 16% 1.000 2160 3.506 5.066 6.877 18% 1.000 2180 3.572 5.215 7.154 20% 1.000 2200 3.640 5.368 7442 6 7 8 9 10 6.152 7.214 8.286 9.369 10.462 6.308 7434 8.583 9.755 10.950 6.468 7.662 8.892 10.159 11.484 Future Value of Annuity of $1 5% 6% 8% 10% 1.000 1.000 1.000 1.000 2050 2.060 2080 2.100 3.153 3.184 3246 3.310 4.310 4375 4506 4.641 5.526 5.637 5867 6.105 6.802 6.975 7336 7.716 8.142 8394 8.923 9.487 9.549 9.897 10.637 11.436 11.027 11.491 12 488 13.579 12.578 13.181 14.487 15.937 14.207 14.972 16.645 18.531 15.917 16.870 18.977 21.384 17.713 18.882 21.495 24.523 19.599 21.015 24.215 27.975 21.570 23.276 27152 8.115 10.089 12.300 14.776 17.549 8.536 10.730 13 233 16.085 19.337 8.977 11.414 14 240 17519 21 321 9.442 12142 15.327 19.086 23.521 9.930 12916 16.499 20.799 25.959 11 12 13 14 15 11.567 12.683 13.809 14.947 16.007 12.169 13.412 14.680 15.974 17.203 12.808 14.192 15.618 17 086 18.500 13.486 15.026 16.627 18 292 20024 20.655 24. 133 28.029 32.393 37290 23.045 27 271 32089 37581 25.733 30.850 36.786 43.672 5166 28.755 34.931 42.219 50.818 5055 32.150 39.581 48.497 59.196 Print Done