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Donald has just won the Flyball Lottery. He has two options for receiving his prize. The first option is to accept a $ 1 3

Donald has just won the Flyball Lottery. He has two options for receiving his prize. The first option is to accept a $130,000 cash payment today. The second option is to receive $22,200 at the end of each of the next 19 years and a $32,400 lump sum payment in the 20th year. Donald can invest money at a 7% rate.Click here to view the factor table.(a) Calculate the present value of the two options. (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to 0 decimal place, e.g.58,971.)Option 1Option 2Present valueWhich option should Donald choose to receive his winnings?DocumentsMoviesScreenshots(b) If Donald could invest money at 10%, calculate the present value of the two options. (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to 0 decimal place, e.g.58,971.)Present valueOption 1Which option should he choose?Option

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