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Listed below are three lottery payout options. Click the icon to view the lottery payout options.) Rather than compare the payout options at their present values, compare the payout options at their future value ten years from now. Using an 8% interest rate, what is the future value of each payout option? Rank your preference of payout options. Does computing the future value rather than the present value of the options change your preference of payout options? Explain (Click the icon to view the future value factor table.) (Click the icon to view the future value annuity factor table.) (Click the icon to view the present value factor table.) (Click the icon to view the present value annuity factor table.) a. b. C. a. Using an 8% interest rate, what is the future value of each payout option? Compute the future value of each payout option (Round your answers to the nearest whole dollar). Future value of Option 1 Future value of Option 2 Future value of Option 3 h Ranu nofor me options ck the lo i Data Table ck the id - X n? the near Option 1: Option 2: Option 3: $935,000 now $151,000 at the end of each year for the next ten years $1,750,000 ten years from now Print Done i Reference 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 1.0821.103 1.124 1.166 1.210 1.254 1.300 1.346 1.392 1.440 Period 3 1030 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 2074 Period 5 1.051 1.104 1.159 1.217 1.2761338 1.469 1.611 1762 1.925 2.100 2.288 2.488 Period 6 1062 1126 1194 1.265 1.340 | 1.419 1587 1.772 1.9742.195 2.436 2.700 2.986 Period 7 1072 1149 1230 1316 1407 1.504 1714 1949 | 22112.502 2.826 3.185 3.583 Period 8 1.083 | 1.172 1267 1.369 1.477 1,594 185121442476 2.853 3.278 3.759 4.300 Period 9 1.094 1.195 1.305 1.423 1.551 1.689 1999 2358 27733.252 3.803 4.435 5160 Period 10 1.105 1219 1.3441480 1.629 1791 2159 2594 3.106 3.707 4411 5.234 6.192 Period 11 1.116 124313841.539 1.710 1.8982332 2.85334794.22651176.176 7.430 Period 12 1127 1268 1.426 1.601 1796 2.0122518 3.138 3.896 4818 5.9367288 8.916 Period 1311381294 1469 1.665 1886 2133 2720 3.452 4.363 5.492 6.8868.599 10.699 Period 141 149 1319 15131732 1980 2261 29373797 4.887 62617.988 10.147 12.839 Period 15 1.1611346 1558 1.8012.079 2 397 3.172 4.177 5.474 71389.266 11.974 15:407 Period 2012201.4861806 2191 2.653 3.2074661 6.727 9 646 13743 19.461 27393 38 338 Period 25 128216412094 2666 3.386 4 292 6 848 10.8357.000 26.462 40.874 62 66995 396 Period 30 1348181124273 243 4.3225.743 10063 17.449 29.960 50 950 85850 143371 237376 3.0 7 A 000 lll. 100.00 27001760270 1077 In... XO ng Print Done han your preference pour Les ch More como
