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 a 6% interest rate, what is the future value of each payout option2 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.) Data 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 $ 1.755,180 Future value of Option 2 Option 1: Option 2: Option 3 5980,000 now $154,000 at the end of each year for the next ten years $1,600,000 ten years from now Print Done Enter any number in the edit fields and then click Check Answer. ? i Reference Listed below are three lottery payout options 2 (Click the loon to view the lottery payout options.) Rather than compare the payout options at their present a. Using a 6% interest rate, what is the future value b. Rank your preference of payout options. Does computing the future value rather than the (Click the icon to view the future value factor table.) (Click the loon to view the present value factor table. a. Using a 6% interest rate, what is the future value of Bag Compute the future value of each payout option. (Round Future value of Option 1 $ 1,755,180 Future value of Option 2 Future Value of Annuity of $1 Periods 1% 2% 3% 4% 5% 6% 8% 10% 12% 14% 16% 18% 20% 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 Period 2 2.010 2.020 2.030 2.040 2.050 2.030 2.000 2.100 2.120 2.140 2.160 2.190 2.200 Period 3 3.030 3.060 3.091 3.122 3.153 3.194 3.246 3.310 3.374 3.440 3.50 3.572 3.640 Period 4 4.060 4.122 4.1344.246 4.310 4375 4,505 4,541 4.779 4.921 5,056 5215 5.368 Period 5 5.101 5.204 5.204 5.309 5416 5.526 5637 5.867 6.105 6.353 6.610 6.877 7.154 7.442 Period 6 6.152 6.308 6.308 6.488 6.633 6.802 6.975 7.338 7.716 8.115 8.536 8.977 9.442 9.930 Period 7 7.214 7.434 7.632 7.398 8.142 8.394 9.923 9.487 10.009 10.730 11.414 12.142 12918 Period & 8.286 8.583 8.8929.24 9.549 9.897 10.637 11.436 12.300 13.233 14.240 15.327 16.499 Period 9 9.369 9.755 10.159 10.583 11.027 11.491 12.48 13.579 14.776 16.085 17.519 19.086 20.799 Period 10 10.462 10.950 11.484 12.006 10.462 10.950 11.464 12.006 12.578 13.101 14.437 15.937 17.549 19.337 21.321 23.521 25.959 Period 11 11.567 12.169 12.808 13.486 14.207 14.972 16.645 18.531 20.655 23.045 25.733 28.755 32.150 Period 12 12.683 13.412 14.192 15.0126 12.683 13.412 14.192 15.026 15.917 16.870 18.977 21.384 24.133 27.271 30.850 34.931 39.581 Period 13 13.009 14.690 15.818 16.627 17.713 18.892 21.495 24.523 28.029 32.089 38.786 42219 48.497 Period 14 14.847 15.974 17.086 18.282 19.599 21.015 24.215 27.975 32.393 37.581 43.672 50.818 59.196 Period 15 16.097 17.293 18599 20.024 21.579 23 276 27.152 31.772 37.280 43.842 51.560 50.985 72035 Period 20 22.019 24.297 26.870 29.778 33.066 36.796 45.762 57.275 72.052 91.025 115.390 146.528 186.698 Period 25 28.243 32.03036.459 41.646 47.727 54.865 73.106 98.347 133.334 181.871 249.214 342.603 471.981 Period 30 34.785 40.588 47 575 58.065 68.439 79.058 113.283 164.494 241.333 358.787 530.312 790.948 1,181,862 Period 40 49.88660.402 75.401 95.026 120.800 154.762 259.057 442.593 767.091 1.342.025 2.369.757 4.163.2137.343.958 Print Done Enter any number in the edit fields and then click Chebwe ? 4 parts 4 remaining Clear All Check Answer - Reference i 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, Using a 6% interest rate, what is the future value of each b. Rank your preference of payout options. c. Does computing the future value rather than the present (Click the icon to view the future value factor table.) (Click the icon to view the present value faclor table.) a. Using a 6% interest rate, what is the future value of each payo a% Compute the future value of each payout option. (Round your ang Future value of Option 1 $ 1.755,180 Future value of Option 2 Present Value of $1 Periods 1% 2% 3% 4% 5% 6% 8% 10% 12% 14% 16% 18% 20% Period 1 0.990 0.990 0.971 0.862 0.962 0.943 0.926 0.909 0893 0.877 0.862 0.847 0.033 Period 20.980 0.961 0.943 0.925 0.007 0.890 0.8570.826 0.797 0.797 0.769 0.743 0.7180.6944 Period 30.971 0.942 0.91 0.889 0.864 0.040 0.794 0.751 0.712 0.675 0.609 0.579 Period 4 0.961 0.924 0.889 0.865 0.823 0.792 0.735 0.693 0.636 0.592 0.552 0.516 0.482 Periods 0.951 0.96 0.863 0.822 0.784 0.747 0.481 0.621 0.587 0.519 0.476 11.437 0.402 Period 60.942 0.890 0.837 0.790 0.890 0.837 0.790 0.748 0.706 0.530 0.5640507 0.458 0.410 0.410 0.370 0.335 Period 7 0.933 0.871 0.813 0.769 0.7110.665 0.583 0.5130452 0.400 0.354 0.3140.279 Period 80.923 0.923 0.853 0.789 0.731 0.677 0.527 0.540 04670404 0.351 0.305 0.268 0.283 Period 90.914 0.837 0.768 0.703 0.6450.5920.500 0.4240361 0.308 0.263 0.225 0.194 Period 10 0.905 0.820 0.744 0.676 0.614 0.558 0.463 0.386 0.322 0.270 0.227 0.191 0.162 Period 110.898 0.804 0.894 0.722 0.650 0.585 0.527 0.429 0.350 0297 0237 0.195 0.162 0.135 Period 12 0.897 0.798.701 0.625 0.625 0.567 0.497 0.397 0.319 0257 0.208 0.168 0.137 0.112 Period 13 0.879 0.773 0681 0.601 0.530 0.469 0.368 0.290 0 229 0229 0.182 0.145 0.116 0.093 Period 14 0.870 0.750 0.651 0.577 0.577 0.505 0.442 0.340 0.263 0205 0.150 0.125 0.099 0.078 Period 15 0.861 0.743 0.642 0.565 0.743 0.642 0.565 0.481 0.417 0.315 0.299 0.183 0.140 0.108 0.064 0.065 Period 20 08200.673 0.554 0.673 0.554 0.453 0.377 0.312 0.215 0.149 0.104 0.073 0.051 0.067 0.028 Period 25 0.780 0610 0.610 0.479 0.375 0.295 0.295 0.233 0.146 0.092 0.059 0.038 0.024 0.0160.010 Period 300.742 0552 0.412 0.308 0.231 0.174 0.099 0.057 0.038 0.021 0.012 0.007 0.004 Period 40 0.872 0.453 0.307 0.209 0.142 0.097 0.046 0.022 0.011 0.005 0.003 0.001 0.001 Print Done Enter any number in the edit fields and then click Check Ansive ? 4 parts 4 remaining Clear All Check Answer i Reference Listed below are three lottery payout options. B (Click the icon to view the lottery payout options.) Rather than compare the payout options at their present vall a. Using a 6% interest rate, what is the future value of b. Rank your preference of payout options. Does computing the future value rather than the prel (Click the icon to view the future value factor table.) ) (Click the icon to view the present value factor table.) a. Using a 6% interest rate, what is the future value of each Compute the future value of each payout option. (Round you Future value of Option 1 1 $ 1,755,180 Future value of Option 2 Future Value of $1 Periods 1% 2% 3 3% 4% 5% 8% 8% 10% 12% 14% 16% 18% 20% Period 1 1.010 1.020 1.000 1.040 1.050 1.090 1.090 1.100 1.120 1.140 1.180 1.180 1200 Period 2 1.020 1.040 1.061 1.082 1.103 1.124 1.166 1210 1254 1.300 1.346 1.392 1.440 Period 3 1.030 1.061 1.093 1.125 1.1581.191 1250 1.331 1.435 1.482 1581 1.643 1.728 Period 4 1.041 1.082 1.125 1.170 1.2161202 1.350 1.454 1574 1.689 1.911 1.969 2074 Perlod 5 1.051 1.'04 1.159 1217 1.276 1.338 1.469 1.611 1.742 1.925 2.100 2.288 2.488 Period 6 1.062 1.126 1.194 1285 1.340 1.419 1597 1.772 1974 2.196 2438 2.700 2.998 Period 7 1.072 1.149 1.230 1.316 1.407 1.504 1.714 1.949 2.211 2.502 2.826 3.185 3.593 Period & 1.083 1.172 1.267 1.359 1.477 1.584 1851 2.144 2.476 2.476 2.853 3278 3.759 4.300 Period 9 1.094 1.195 1.305 1.423 1.551 1.699 1.999 2.358 2.773 3.252 3.803 4.435 5.160 Period 10 1.105 1.219 1.344 1.480 1.629 1.791 2.159 2.594 3.106 3.707 4.411 5.234 6.192 Period 11 1.118 1.243 1.384 1539 1.7101890 2332 2853 3.479 4.226 5.117 8.17 7.430 Period 12 1.127 1.268 1.428 1.601 1.796 2012 2518 3.138 3.896 4.918 5.936 7.289 8.916 Period 13 1.138 1.294 1.469 1.685 1.886 2.133 2.720 3.452 4.353 5.492 6.886 8.599 10.699 Period 14 1.149 1.319 1.513 1.732 1.9802231 2937 3.797 4.897 6.261 7.99 10.147 12.839 Period 15 1.161 1.346 1.558 1.801 2.079 2.397 3.172 4.177 5.474 7.138 9.266 11.974 15.407 Period 20 1.220 1.486 1.808 2.191 2.553 3237 4.681 6.727 13,743 19.461 27.393 38.338 Period 25 1.282 1.641 2.094 2.666 3.3864292 6.848 10.835 17.000 28.462 40.974 62.699 96.396 Period 30 1.348 1.811 2.427 3248 4.322 5.743 10.063 17.449 29.960 50.950 85.850 143371 237.376 Period 40 1409 2.208 3.282 4801 7.040 10206 21.725 45259 50.051 189.684 378.721 750 370 1,489.772 Print Done Enter any number in the edit fields and then click Check how ? 4 parts remaining Clear All Check Answer 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 a 6% interest rate, what is the future value of each payout option2 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.) Data 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 $ 1.755,180 Future value of Option 2 Option 1: Option 2: Option 3 5980,000 now $154,000 at the end of each year for the next ten years $1,600,000 ten years from now Print Done Enter any number in the edit fields and then click Check