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help is needed Data table Reference begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} hline Periods & 1% & 2% & 3% & 4% & 5% & 6% & 8% & 10%
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Data table Reference \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Periods & 1% & 2% & 3% & 4% & 5% & 6% & 8% & 10% & 12% & 14% & 16% & 18% & 20% & \\ \hline 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 & \\ \hline Period 2 & 2.010 & 2.020 & 2.030 & 2.040 & 2050 & 2.060 & 2.080 & 2.100 & 2.120 & 2.140 & 2.160 & 2.180 & 2.200 & \\ \hline 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 & \\ \hline Period 4 & 4.060 & 4.122 & 4.184 & 4.246 & 4.310 & 4.375 & 4.506 & 4.641 & 4779 & 4.921 & 5.066 & 5.215 & 5.368 & \\ \hline 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 & \\ \hline Period 6 & 6.152 & 6.308 & 6.468 & 6.633 & 6.802 & 6.975 & 7336 & 7.716 & 8.115 & 8.536 & 8.977 & 9.442 & 9.930 & \\ \hline Period 7 & 7.214 & 7.434 & 7.662 & 7.898 & 8.142 & 8394 & 8923 & 9.487 & 10.089 & 10.730 & 11.414 & 12.142 & 12.916 & \\ \hline Period 8 & 8.236 & 8.583 & 8.892 & 9.214 & 9.549 & 9.897 & 10.637 & 11.436 & 12300 & 13.233 & 14.240 & 15.327 & 16.499 & \\ \hline Period 9 & 9.369 & 9.755 & 10.159 & 10.583 & 11.027 & 11.491 & 12.488 & 13.579 & 14.776 & 16.085 & 17.519 & 19.086 & 20.799 & \\ \hline Period 10 & 10.462 & 10.950 & 11.464 & 12.006 & 12.578 & 13.181 & 14.487 & 15.937 & 17.549 & 19.337 & 21.321 & 23.521 & 25.959 & \\ \hline Period 11 & 11.567 & 12.169 & 12808 & 13.486 & 14.207 & 14.972 & 16.645 & 18.531 & 20.655 & 23.045 & 25.733 & 28.755 & 32.150 & \\ \hline Period 12 & 12.683 & 13.412 & 14.192 & 15.026 & 15917 & 16.870 & 18.977 & 21.384 & 24.133 & 27.271 & 30.850 & 34.931 & 39.581 & \\ \hline Period 13 & 13.809 & 14.680 & 15.618 & 16.627 & 17.713 & 18.882 & 21.495 & 24.523 & 28.029 & 32.089 & 36.786 & 42.219 & 48.497 & \\ \hline Period 14 & 14.947 & 15.974 & 17.086 & 18292 & 19.699 & 21.015 & 24215 & 27.975 & 32.393 & 37.581 & 43.672 & 50.818 & 59.196 & \\ \hline Period 15 & 16.097 & 17.293 & 18.599 & 20.024 & 21.579 & 23.276 & 27.152 & 31.772 & 37.280 & 43.842 & 51.660 & 60.965 & 72.035 & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Penoas & 1% & 2% & 3% & 4% & 3% & 6% & 8% & 10% & 12% & 14% & 16% & 18% & 20% & \\ \hline 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 & \\ \hline Period 2 & 1.970 & 1.942 & 1.913 & 1.886 & 1.859 & 1.833 & 1.783 & 1.736 & 1690 & 1.647 & 1.605 & 1.566 & 1.528 & \\ \hline Period 3 & 2941 & 2.884 & 2.829 & 2775 & 2723 & 2.673 & 2577 & 2.487 & 2.402 & 2.322 & 2.246 & 2.174 & 2.106 & \\ \hline Period 4 & 3.902 & 3.808 & 3.717 & 3630 & 3.546 & 3.465 & 3.312 & 3.170 & 3.037 & 2.914 & 2.798 & 2690 & 2589 & \\ \hline 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 & \\ \hline Period 6 & 5.795 & 5.601 & 5.417 & 5.242 & 5.076 & 4.917 & 4.623 & 4.355 & 4.111 & 3.889 & 3.685 & 3.498 & 3.326 & \\ \hline Period 7 & 6.728 & 6.472 & 6.230 & 6.002 & 5.786 & 5.582 & 5.206 & 4.868 & 4.564 & 4.288 & 4.039 & 3812 & 3.605 & \\ \hline Period 8 & 7.652 & 7.325 & 7.020 & 6.733 & 6.463 & 6.210 & 5.747 & 5.335 & 4968 & 4.639 & 4.344 & 4.078 & 3.837 & \\ \hline 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 & \\ \hline Period 10 & 9.471 & 8.983 & 8.530 & 8.111 & 7.722 & 7.360 & 6.710 & 6.145 & 5.650 & 5.216 & 4.833 & 4.494 & 4.192 & \\ \hline Period 11 & 10.368 & 9.787 & 9.253 & 8.760 & 8.306 & 7.887 & 7.139 & 6.495 & 5.938 & 5.453 & 5.029 & 4.656 & 4.327 & \\ \hline Period 12 & 11.255 & 10.575 & 9.954 & 9.385 & 8.863 & 8.384 & 7.536 & 6.814 & 6.194 & 5.660 & 5.197 & 4.793 & 4.439 & \\ \hline Period 13 & 12.134 & 11.348 & 10.635 & 9.986 & 9.394 & 8.853 & 7.904 & 7.103 & 6.424 & 5842 & 5.342 & 4.910 & 4.533 & \\ \hline Period 14 & 13.004 & 12.106 & 11.296 & 10.563 & 9.899 & 9.295 & 8.244 & 7.367 & 6.628 & 6.002 & 5.468 & 5.008 & 4.611 & \\ \hline Period 15 & 13,865 & 12.849 & 11.938 & 11.118 & 10.380 & 9.712 & 8.559 & 7.606 & 6.811 & 6.142 & 5.575 & 5.092 & 4.675 & \\ \hline . & & & & & & & & & & & & & , & \\ \hline \end{tabular} Reference 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 ton years from now. a. Using a 6% interest rate, what is the future value of each payout option? b. Rank your preference of payout options c. 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. Using a 6% 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 Step by Step Solution
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