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look at pictures. thanks! Answer each of the following independent questions. 1. You recently won a lottery and have the option of receiving one of

look at pictures. thanks!
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Answer each of the following independent questions. 1. You recently won a lottery and have the option of receiving one of the following three prizes: (1) $98,000 cash immediately, (2) $40,000 cash immediately and a six-year annual annulty of $9,900 beginning one year from today, or (3) a six-year annual annuity of $19,800 beginning one year from today. Assuming an interest rate of 6% compounded annually, determine the present value for the above options. Which option should you choose? 2. A company wants to accumulate a sum of money to repay certain debts due in the future. The company will make annual deposits of $200,000 into a special bank account at the end of each of 10 years. Assuming the bank account pays 6% interest compounded annually, what will be the fund balance after the last payment is made in ten years? Note: Use tables, Excel, or a financial calculator. (FV of \$1, PV of \$1, EVA of \$1, PVA of \$1, EVAD of \$1 and PVAD of \$1) Complete this question by entering your answers in the tabs below. You recently won a lottery and have the option of recelving one of the following three prizes: (1) $98,000 cash immediately, (2) $40,000 cash immediately and a six-year annual annuity of $9,900 beginning one year from today, or (3) a six-year annual annulty of $19,800 beginning one year from today. Assuming an interest rate of 6% compounded annually, determine the present value for the above options. Which option should you choose? Note: Round your final answers to nearest whole dollar amount. Answer each of the following independent questions. 1. You recently won a lottery and have the option of receiving one of the following three prizes: (1) $98,000 cash immediately, (2) $40,000 cash immediately and a six-year annual annuity of $9,900 beginning one year from today, or ( 3 ) a six-year annual annuity of $19,800 beginning one year from today. Assuming an interest rate of 6% compounded annually, determine the present value for the above options. Which option should you choose? 2. A company wants to accumulate a sum of money to repay certain debts due in the future. The company will make annual deposits of $200,000 into a special bank account at the end of each of 10 years. Assuming the bank account pays 6% interest compounded annually, what will be the fund balance after the last payment is made in ten years? Note: Use tables, Excel, or a financial calculator. (EV of \$1, PV of \$1. EVA of \$1, PVA of \$1, FVAD of \$1 and PVAD of \$1) Complete this question by entering your answers in the tabs below. A company wants to accumulate a sum of money to repay certain debts due in the future. The company will make annual deposits of $200,000 into a special bank account at the end of each of 10 years. Assuming the bank account pays 6% interest compounded annually, what will be the fund balance after the last payment is made in ten years? Note: Round your final answers to nearest whole dollar amount

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