Congratulationst You have won a state lottery. The state lottery offers you the following (ator-tax) payout options: (Click the icon to view the payout options) (Click the icon to view Present Value of $1 table) (Click the icon to view Present Value of Ordinary Annually of 1 table.) (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Assuming you can earn 8% on your funds, which option would you prefer? The present value of the payout is: (Round your answers to the nearest whole dolar) Present value of the payout, Option #1: Data table Option #1: $15,000,000 after five years Option #2: $2,000,000 per year for five years Option #3: $10,000,000 after three years Print Done Help me solve this Etext pages Get more help Clear all Check answer Reference Cond 7% Assu The Pres! Present Value of $1 Periods 1% 2% 3% 4% 5% 6% 8% 9% 10% 12% 14% 15% 16% 18% 20% Period 1 0.990 0.980 0.971 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.893 0.877 0.870 0.862 0.847 0.833 Period 2 0.980 0.961 0.943 0.925 0.907 0.890 0.873 0.857 0.8420.826 0.797 0.769 0.756 0.743 0.7180.694 Period 3 0.971 0.942 0.915 0.8890.864 0.840 0.816 0.794 0.772 0.751 0.712 0.675 0.658 0.641 0.609 0.579 Period 4 0.961 0.924 0.888 0.855 0.823 0.792 0.763 0.735 0.708 0.683 0.636 0.592 0.572 0.552 0.516 0.482 Perlod 5 0.961 0.906 0.863 0.622 0.784 0.747 0.713 0.681 0.650 0.621 0.567 0.519 0.497 0.476 0.437 0.402 Period 6 0.942 0.888 08370.790 0.746 0.705 0.666 0.630 0.596 0.564 0.507 0.456 0432 0.410 0.370 0.335 Period 7 0.933 0.871 0.813 0.760 0.711 0.665 0.623 0.583 0.547 0.513 0.452 0.400 0.376 0.354 0.3140 279 Period 8 0.923 0.853 0.789 0.731 0.677 0.627 0.582 0.540 0.502 0.467 0.4040.351 0.327 0.305 0.266 0.233 Period 9 0.914 0.837 0.766 0.703 0.645 0.592 0.544 0.500 0.460 0.424 0.361 0.308 0.284 0 263 0.225 0.194 Perlod 10 0.905 0.820 0.744 0.676 0.614 0.558 0.508 0.463 0.422 0.386 0.322 0.270 0.247 0.227 0.19 0.162 Period 11 0.896 0.8040.722 0.650 0.585 0.527 0.475 0.429 0.388 0.350 0.287 0.237 0.215 0.19 0.162 0.135 Period 12 0.887 0.788 0.701 0.625 0.557 0.497 0.444 0.397 0.356 0.319 0.257 0.208 0.187 0.168 0.137 0.112 Period 13 0.879 0.773 0681 0.601 0.530 0.469 0.415 0.368 0.326 0.290 0.229 0.182 0.163 0.145 0.116 0.093 Period 14 0.870 0.758 0.661 0.577 0.505 0.442 0.388 0.340 0.299 0.263 0.205 0.1600.141 0.125 0.099 0.078 Period 15 0.861 0.743 0642 0.556 0.481 0.417 0.362 0.315 0.275 0.2390.183 0.140 0.123 0.108 0.084 0.065 Period 16 0.853 0.728 0.623 0.534 0.458 0.394 0.339 0.292 0252 0.218 0.163 0.123 0.107 0.093 0.071 0.054 Period 17 0.844 0.714 0.605 0.513 0.436 0.371 0.317 0270 02310.1980.146 0.108 0.093 0.080 0.060 0.045 Period 18 0.836 0.700 0.587 0.4940416 0.350 0.296 0.250 0.212 0.180 0.130 0.095 0.081 0.069 0.051 0.038 Period 19 0.828 0.686 0.570 0.475 0.396 0.331 0.277 0.232 0.194 0.164 0.116 0.083 0.070 0.060 0.043 0.031 Print Done HW Score: 48%, 2.4 of 5 points Save Reference Congratule (Click (Click (Click Assuming The prese Present ve Periods Period 1 Period 2 Period 3 Period 4 Period 5 Period 6 Period 7 Period 8 Period 9 Period 10 Period 11 Period 12 Period 13 Period 14 Period 15 Period 16 Porod 17 Period 18 Period 19 Future Value of $1 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 1010 1.020 1.030 1.040 1.000 1.060 1070 1.080 1.000 1.100 1.120 1.140 1.150 1.020 1.040 1061 1.0821.103 1.1241.145 1.166 1.188 1210 1254 1300 1323 1.030 1.061 1.093 1.125 1.158 1.191 1.225 1.260 1.295 1.3311405 1482 1.521 1041 1.082 1.126 1.170 | 12161 2621.311 1.360 14121.464 1.574 1.609 1.749 1.051 1.104 1.159 1217 1.276 1.338 1403 1469 1.539 1.611 1.762 1.925 2011 1.062 1.126 1.1941.265 1.340 1419 1.501 1587 1.677 1.772 1.974 2.1952 313 1.072 1.14912301.316 1.407 1.5041.606 1.714 1.8281.949 2211 2.502 2660 1.083 1.172 12671,369 1.477 1.594 1.718 1.851 1.993 2.144 2476 2853 3.059 1.094 1.1951.306 1.423 1.551 1689 1.838 1999 2.172 2.368 2.773 (3.252 3.518 1.105 1.219 1.344 1.480 1.629 1.791 1.967 2.159 2367 2.594 3.106 3.707 4.046 1.116 1.243 1.384 1.539 1.710 1.898 2.106 2332 2.580 2.853 3.479 4.2264.652 1.127 1.268 1.426 1.601 1.796 2012 2.252 2518 2.813 3.138 3.896 4.818 5.350 1.138 1294 1.469 1.665 1.886 2.133 2410 2.720 3.066 3.452 4.363 5.4926.153 1.149 1.319 1.513 1.732 1.940 2.261 2.579 2.937 3.342 3.798 4.507 6.2617.076 1.161 1.346 1.558 1.8012.079 2.3972.759 3.172 3.642 4.177 5.474 7.1388.137 1.173 1.3731.605 1.873 2.183 2.540 2.952 3.426 3.970 4.586 6.130 8.137 9.358 1.184 1.400 1.653 1.948 2.292 2.693 3.1593.700 4.328 5.0546.866 9.276 10.76 1.196 1428 1.702 2.026 2407 2.854 3.380 3.99 4.717 5.5607.698 1058 1238 1208 14571754 2.107 2527 3.026 3.617 4.316 5.142 6.116 8.613 1206 1423 Print Done Present Value of Ordinary Annuity of $1 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 16% 18% 20% Period 1 0.990 0.980 0.971 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.893 0.877 0.870 0.862 0.847 0.833 Period 2 1.970 1.942 1.913 1.886 1.859 1.833 1.800 1.783 1.759 1.736 1.6901.6471.626 1.6051.566 1.528 Period 3 2.9412.884 2.829 2.775 2.723 2.673 2.624 2.577 2.531 2.487 2.402 2.322 2.283 2.246 2.174 2.106 Period 4 3.902 3.808 3.717 3.630 3.546 3.465 3.387 3.312 3.240 3.170 3.037 2.914 2.855 2.798 2.690 2.589 Period 5 4.853 4.7134.580 4.452 4.329 4.212 4.100 3.993 3.890 3.791 3.605 3.433 3.352 3.274 3.127 2.991 Period 6 5.795 5.601 5.417 5.242 5.076 4.917 4.767 4.623 44864.355 4.111 3.8893.784 3.686 3.498 3.326 Period 7 6.728 6.472 6.230 6.0025.786 5.582 5.389 5.206 5,033 4.8684.564 4288 4.160 4.039 3.812 3.605 Period 8 7.652 7.325 7.020 6.733 6.463 6.210 5.971 5.7475.535 5.335 4.968 4,639 4487 4.344 4.078 3.837 Period 9 8.5668.1627.786 7.435 7.108 6.802 6.515 6.247 5.9955.759 5.328 4.9464.7724.607 4.303 4.031 Period 10 9.471 8.9838.530 8.111 7.722 7.360 7.0246.710 6.418 6.145 5.6505.216 5.019 4.833 4.494 4.192 Period 11 10.368 9.787 9.2538.760 8.306 7.887 7.499 7.139 6.805 6.495 5.938 5453 5.2345,029 4.656 4.327 Period 12 11.255 10.575 9.954 9.385 8.863 8.384 7.943 7.536 7.1616.814 6.1945.660 5.421 5.1974.793 4.439 Period 13 12.134 11.348 10.635 9.986 9.3948.853 8.358 7.904 7.487 7.103 6.424 5.8425.583 5.3424.910 4.533 Period 14 13.004 12.106 11.296 10.563 9.899 9.295 8.745 8.244 7.786 7.367 6.6286.0025.7245.468 5.008 4.611 Period 15 13.865 12.849 11.938 11.11B 10.380 9.712 9.108 8.559 8.061 7.606 6.811 6.142 5.8475.575 5.092 4.675 Period 16 14.718 13.578 12.561 11.652 10.838 10.106) 9.4478.851 8.313 78246.9746.265 5.954 5.669 5.1624.730 Period 17 15.562 14.292 13.166 12.166 11.274 10.477 9.763 9.122 8.54480227.1206.373 6.047 5.749 5222 4.775 Period 18 16.398 14.992 13.754 12.659 11.690 10.828 10.059 9.372 8.7568.201 7.250 6.4676.128 5.818 5.273 4.812 Period 19 17.226 15.678 14.324 13.134 12.085 11.158 10.336 9.604 8.950 8.365 7.366 6.550 6.198 5.877 5316 4.844 106.9 Print Done Reference Congratuld (Click E (Click (Click 4% Assuming The preser Periods Period 1 Period 2 Period 3 Period 4 Perlod 5 Period 6 Period 7 Period 8 Period 9 Period 10 Present ve Future Value of Ordinary Annuity of $1 1% 2% 3% 5% 6% 7% 8% 9% 10% 12% 14% 15% 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 2010 2020 2030 2.040 2.050 2060 2070 2080 2090 2.100 2.120 2.140 2.150 3.030 3.060 3.091 3.122 3.153 3.1843.215 3.246 3.278 3.310 3.374 3.440 3473 4.060 | 4.122 4.1844.246 4.310 4.375 4.440 45064573 4.641 | 4.779 4.921 4.993 51015204 5.309 5416 5.526 5.637 5.1515.867 5.986.105 6.353 6.610 6.742 6.152 6.308 6.468 6.633 6.8026.9757.1537.336 7523 7.7168.115 8.536 8.754 7.21474347.6627.898 8.142 8.394 8.654 8.9239.2009.487 10.09 10.73 11.07 8.286 8.583 8.8929.2149.549 9.897 10.260 10.64 11.03 | 1144 12 30 13 23 13.73 9.369 9.755 10.16 10.58 11.03 11.49 11.98 12.49 13.02 13.58 14.78 16.09 16.79 10.46 10.95 11.46 1201 12 58 13.18 13.82 14.49 15.19 159417.55 1934 20 30 11.57 12.17 12.8113.49 1421 14.97 15.78 16.65 17.56 18.50 20.65 23.04 2435 1268 13.41 14.19 15.03 15.92 16.87 17.89 18.98 20.14 21.38 24.13 27.27 29.00 13.81 14.68 15.62 16.63 17.71 18.88 20.14 21.50 22.95 24.52 28.03 32.09 34 35 14.95 15.97 17.0918.2919.60 21.02 22.55 24 21 26.02 27.98 32.39 37.58 40.50 16.10 17.29 18.60 20.02 21.58 23.28 25.13 27.15 29.3631.77 3728 43.84 47.58 17.2618.64 20.16 21.82 23.66 25.67 27.89 30.32 33.00 35.95 42.75 50.98 55.72 18.43 20.01 21.76 23.70 25.84 28.21 30.84 33.75 36.97 40.5448.88 59.12 65.08 19.61 2141 23.4125.6528.13 30.91 34.00 37.45 41,30 45.60 55.75 68.39 75.84 20.81 22.84 25.12 27.67 30.54 33.76 37.38 41.45 46.02 51.16 63.44 78.97 88.21 Period 11 Period 12 Period 13 Period 14 Period 15 Period 16 Period 17 Period 18 Period 19 Print Done