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 vale nine years from now. Using a 6% 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 valoe annuity factoetablo b. C 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 Opbon 1 $ 1,646,775 775 Future value of Option 2 6 of 6 (6 complete) - Reference 4% Future Value of $1 Periods 1% 3% 5% 6% 8% 10% 12% 14% 16% 18% 20% Period 1 1010 1020 1030 1.040 1050 1060 1.080 1.100 1.120 1.140 1.160 1.180 1 200 Period 21.020 1.040 1.061 1.082 1.103 1.1241 166 1210 1.254 1.300 1.346 1.392 1.440 Period 3 1.030 1.061 1.093 1.125 1.1581.191 1.260 1.331 1.405 1.482 1561 1.643 1.728 Period 4 1.041 1.082 1 126 1.170 1.216 1.262 1.360 1464 1.574 1.689 1811 1.939 2074 Period 5 1.051 1.104 1.15912171276 1338 1469 1.611 1.762 1.925 2.100 2288 2.488 Period 6 1.062 1.126 1.194 1265 1.340 1.419 1.587 1.772 1.9742.195 2.436 2.700 2986 Period 7 1.072 1149 12301 316 1407 1.504 1.714194922112502 2.826 3.185 3.583 Period 8 1.083 1.17212671.369 1.477 15941.851 2.144 2 476 2.8533 278 3.759 4.300 Period 9 1094 1.195 1305 1423 1551 1689 1 999 23582.773 3.252 3.803 4.435 5.160 Period 1.1051219 1.3441.480 1.629 1 7912 159 2.594 3.106 3.707 4.411 5.234 6.192 10 Period 1.116 1.2431384 1.539 1710 1898 2.332 2 853 3.479 4.226 5.1176 176 7.430 11 Period 1.127 1268 1.426 1601 1796 2012 2 518 3.138 3.896 4.818 5.936 7288 8.916 12 Period 1 138 1.2941.469 1.665 1886 2.133 2.720 3.452 4 3635 492 6.886 8.599 10.699 13 Period 1.149 13191.513 1732 1.980 2.261 2.937 3.797 4.887 6 2617988 10.147 12 839 14 Period 1.161 1 346 1.558 1.801 2.079 2 397 3.172 4177 5.474 7 138 9 266 11.974 15 407 15 Period 12201.486 1 806 2.191 2.653 3.207 4.6616.727 9.646 13 743 19.461 27 393 38 338 20 Period 1.282 16412094 2 666 3.386 4 292 6 848 10.835 17.000 26.462 40.874 62 669 95 396 25 Period 1348 1.811 2.427 3 243 4322 5.743 10.06317 449 29.960 50 950 85 850 143371 237 376 30 Period 1.409 2 2083 2624 801 7.040 10 28621.725 45.259193.051188 884378,721750 3781,469.772 40 Punt Done Clear All G 8 New Let's Make Circ stionid=3&flushed =false&id=6386434&back=DoAssignments.aspx Sliques musim NPO Travel the world M Gmail YouTube Maps 6 of 6 (6 complete) - Reference Future Value of Annuity of $1 1% 2% Periods 3% 4% 5% 6% 8% 10% 12% 14% 18% 16% 20% Period 1 1000 1000 1000 1.000 1.000 1.000 1000 1.000 1.000 1.000 1000 1.000 1.000 Period 22.010 2020 2030 2040 2050 2060 2080 2100 2120 2.140 2160 2 180 2 200 Period 33.0303.0603 0913.122 3.1533.1843 2463 3103 374 3440 3.506 3.572 3.640 Period 4 4.060 4.1224 1844246 4310 4375 4.506 46414779 4.921 5.066 5215 5 368 Period 5 5.101 5.2045.309 5 416 5526 5.637 5 867 6 105 6353 6.510 6.877 7.154 7.442 Period 66.152 6.308 6.468 6.633 6 802 697573367716 8.115 8 536 8.977 9442 9 930 Period 7 72147 434 7662 7.898 8.1428.394 8.923 9 487 10.089 10.730 11.414 12.142 12 916 Period 8 8.286 65838.892 92149549 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 12488 13.579 14 776 16.085 17519 19 0B6 20.799 Period 10.462 10.950 11.464 12 006 12 578 13.18114 487 15.93717 549 19.337 21 321 23.521 25.959 10 Period 11 567 12 169 12 308 13.486 14 207 14.972 16 645 18.531 20.655 23.045 25 733 28 755 32.150 111 Period 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 12 Period 13.809 14.680 15 6181652717 713 18 882 21 495 24 523 28.029 32 36.786 42 219 48 497 13 Period 14 947 15 974 17.086 10 292 19.599 21.015 24 215 27.975 32 393 37 581 43 672 50 81859 196 14 Period 16.097 17 293 18 599 20.02421 579 23 276 27 15231772 37 280 43 842 51.660 60 965 72.035 15 Period 22 019 24.297 26 870 29.778 33 066 36.786 45 762 57.27572 052 91 025 115 380 146 628 106.688 20 Perlod 28 243 32 03036 459 41 646 47 727 54 865 73.106 90 347 133 334 181 871 249.214 342 603 471 981 25 Period 34.785 40 560 4757556086 66 439 79 058 113.283/164 494241 333 356 787 530 312 790.948 1.181 BBZ 30 Perlod 48 880 60 402 75 401 95 026120 000 154.762259 057442 593 767 0911 342.022,360,757 4.163 2137 343 858 140 Done muslim NPO Travel the world 6 of 6 (6 complete x Reference 2% 6% % 100 100 140 68 42 30 16 199 199 259 50 581 Present Value of $1 Periods 1% 3% 4% 5% 8% 10% 12% 14% 16% 18% 20% Period 1 0.9900 9800 971 0.962 0.952 0.943 0 926 0.909 0.893 0.877 0.862 0.847 0.833 TH Period 20.9800.9610.943 0.925 0907 0.8900 8570 826 0.797 0.769 0.743 0.7180.694 TH Period 3 0 9710.942 0.9150 8890.864 0.840 0.794 0.751 0.712 0.675 0.641 0.6090 579 Period 4 0.961 0.924 0.8880 855 0.823 0.792 0.735 0.683 0.636 0.592 0.552 0.516 0.482 ar Period 5 0.951 0.9060 863 0.822 0.784 0.747 0.68106210 567 0.519 0.476 0.437 0.402 Period 60.942 0.888 0.837 0.790 0.746 0.705 0.630 0.5640 5070.4560.410 0,370 0.335 eru Period 70.933 0.871/0.813 0.760 0.7110.665 0.583 0.513 0.452 0.400 0.354 0.3140.279 eri Period 80.923 0.853 0.789 0.731 0.6770627 0.540 0.467 0.4040.351 0.305 0.266 0.233 Perlod 90.9140.637 0.766 0.703 0.6450.5920.500 0.424 0.361 0.308 0.263 0.225 0.194 10 Period 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 Perl 10 11 Period 0.896 0 8040.722 0.6500 5850 527 0.429 0.350 0.287 0.237 0.195 0.162 0.135 Peri 11 12 Period 0887 0.788 0.701 0.625 0.557 0 4970 397 0.319 0 2570 200 0.168.0.137 0.112 Pari 12 13 Period 0 879 0.77306810 601 0 530 0.469 0.368 0.290 0.229 0.182 0.145 0.116 0.093 Perl 13 114 Period 0870 0 7580 661 0577 0.505 0.442 0.3400 263 0.205 0.160 0.125 0.0990078 14 115 Period 0 851 0.7430 642 0.565 0.48104170 3150 239 0.1830 140 0.108 0 084 0.065 15 20 Period 0320 0.673 05540.456 0 3770 312 02150 1490 104 0.073 0.051 0.037 0.026 Perl 20 25 Period 7000 6100478 0.375 0.2950 233 0 146 0 092 00590 033 00240016 0.010 Porn 25 50 Period 0742 0.552 0.412 0.308 0.2310174 0,099 00570033 0.02000120 0070004 Per 30 40 Period 0.67204530307 0 2080 1420 097004600220011 000500030 0010 001 HO 197 196 688 Perle 931 SSC Print Done - muslim NPO Travel the world 6 of 6 (6 complete) - XX Reference 4% Present Value of Annuity of S1 Periods 1% 2% 3% 5% 6% 8% 10% 12% 14% 16% 18% 20% Period 10.990 0.980 0,9710 962 0.952 0.94310 926 0.909 0.893 0.877 0,862 0.847 0.833 Period 2 1970 1942 1913 1.886 1 859 1.833 1.783 1736 1.6901.647 1.605 1.566 1.528 Period 3 2.9412 8842 82912775 2.723 2.673 2.5772 487 2 40223222.246 2 174 2. 106 Period 4 3.9023 808 3.7173 63035463.465 3.312 3.170 3.037 2.914 2.798 2.690 2.589 Period 5 4 853 4 713 4.580 4.452 4.32942123.993 3.791 3.605 3.433 3.274 3.127 2.991 Period 6 5.795 5.601 5.417 5242 5.076 4.917 4.6234355 4 111 3.8893.685 3.498 3.326 Period 7 6.728 6.472 6.2306 002 5.786 5 582 5 206 4 8684.564 4288 4.0393 812 3 605 Period 87.652 7.3257.020 6.733 6 463 6210 5.747 5.335 49684.6394344 4.078 3.837 Period 9 85668.16277867 435 7. 1086 802 6 247 5.759 5.3284946 4 607 4.303 4.031 Period 9 471 89838.530 8.111 7 722 7360 6.710 6.145 5.6505216 4833 4.4944 192 10 Period 10.368 9.787 9253 8.760 8.306 7.8877 139 6 495 5.938 5.453 5.029 4 656 4.327 Period 11 255 10.575 9.9549 385 8.863 8.3847536 6.814 6.194 5.660 5.197 4.793 4.439 12 Period 12. 134 11 348 10 635 9 986 9.3948.853 7.904 7.103 6.424 58425342 4910 4533 12 P Period 13.004 12 106 11 296 10.563 9.099 9.295 8 244 7367 6,628 6.002 5.468 5.008 4.611 14 14 Po Period 13.86512 849 11.938 11.118.10 380 9 712 8.5597 606 6 811 6.142 5.575 5.092 4675 19 15 pa Period 18.046 16 351 14 67 13.590 12 45211 470 9 818 8 5147 4596 623 5 929 5353 4870 20 20 Period 22.023 19.52317 41315 62214 09412.783 10.675 907770436 873 5 097 5 457 4 948 25 Period 25 808 22 350 19 600 17.2921537213.769 11 258 9 4278 055 700361775.517 4.979 30 Period 12.835 27 35523.115 19.793 17.150/15 041 925 9 779 244 7.105 233 55404997 HO 8 1 182 155 Print Done G e options change your preference of payout options the con to view the future value annuity factor table) helon to view the presentato annuity factor table) - X Data Table Option 1 Option 2 Option : $975.000 now 5150 000 at the end of each year for the next nine years $1,550.000 nine years from now Print Done