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Listed below are three lottery payout options. (Click the icon to view the lottery poyout options.) Rinther than compore the poyout options at their present

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Listed below are three lottery payout options. (Click the icon to view the lottery poyout options.) Rinther than compore the poyout options at their present values, compare the payout options at their future value ten years from now. a. Using a 6% interest rate, what is the future value of each payout option? b. Rank your prelerence of payout options. c. Does computing the future value rather than the present value of the options change your preicrence of poyout options? Explain. (Click the icon to view the future value factor table.) (Click the icon to view the future value annuily factor table.) (Click the icen to view the present valuo factor table.) (Click the ioon to view the present value annuity factor table.) a. Using a 6% interest rate, what is the future value of each payout option? Data table Compute the future value of each payout option. (Round your answers to the nearest whole dallar Future value of Option 1 Option 1: $975,000 now Option 2: 5151,000 at the end of eoch year for the next ten years Option 3: $1,700,000 ten years from now

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