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Need help finding options 1, 2,and 3 please, thank you! Congratulations! You have won a state lottery. The state lottery offers you the following (after-tax)
Need help finding options 1, 2,and 3 please, thank you!
Congratulations! You have won a state lottery. The state lottery offers you the following (after-tax) payout options: (Click the icon to view the payout options.) (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Assuming you can earn 12% on your funds, which option would you prefer? The present value of the payout is: (Round your answers to the nearest whole dollar.) Present value of the payout, Option #1: to View Present value of $1 table.) the icon to view Present Value Ordinary An to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Ann earn 12% Data Table X of the paya ne payout, Option #1: $15,000,000 after five years Option #2: $2,100,000 per year for five years Option #3: $12,000,000 after three years Print DoneStep by Step Solution
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