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ou have just won the state lottery and have two choices for collecting your winnings. You can collect $106,000 today or receive $21,200 at the
ou have just won the state lottery and have two choices for collecting your winnings. You can collect $106,000 today or receive $21,200 at the end of each year for the next seven years. A financial analyst has told ou that you can earn 10% on your investments. . Calculate the present value of both the options (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided. Round your answers to nearest whole dollar) Present Value Option 1 Option 2 Which altermative should you select
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