ou prefer? arest who Data Table Option #1: $15,000,000 after five years Option #2: $2,100,000 per year for five years Option #3: $14,000,000 after three years Print Done 294 396 Present Value of $1 Periods 14 4% 5% 6% 755 846 9% 10% 1254 1456 15% 1696 19% 20% Period 1 0 990 0.980 0.971 0.962 0962 0.943 0905 0.926 09170 909 0.39308770.870 0362 084710833 Period 2 0,980 0,961 0.943 0.925 0907 0.890087303570 342 0.826 0.797 0769 0.756 0743 0.7180.694 Period 3 6.971 0 942 0915 08890.8640 840 0.816 | 07940.772 0.761 07120.675 0.65 06410 6090.579 Period 4 0.9610 924088808560.823 0.792 0763 0.735 0708 | 0683 0.636 059205720552 0516 0482 Period 5 0.9510 906 0563 0.822 0.784 0.747 0.713 0.631 0650 0.6210 567 05190.497 0.47604370 402 Period 6 0.9420.885 0.837 0.7900 746 0705 0666 0.630 0.59605640507 0.456 0.4320 4100 3700 335 Period 7 0.9330871 0.313 0.7600.7110.665 0.623 0583054705130452 0.4000376 0364 0.3140 279 Period 0.923 0.853 0.789 0731 0.677 0.627 05820 540 0 502 046704040351 03270306 0266 0233 Period 9 0.914 0.837 0766 0708 0645 0.592 0544 0500 0.460 04240361 03080284 0263 0225 0.194 Period 10 0 9050 $200 744 06760 6140 558 0.608 0.46304220.336 03220 2700 247 0.227 0.1910.162 Period 11 08960 8040.722 06600.586 0.527 0.476 042903880 3500 2070 2370 215 0.1960.162 0.135 Period 12 0.887 0788 0.701 0.625 567 0.497 0.444 0397 0.356 0.319 0.2570208 0.187 0.16% 0.137 0.112 Period 13 0.879 0 773 0.681 0.6010530 0469 0.415 0368 0326 02900229 01820.163 0145 0.116 0.093 Period 14 0.870 0.7680.661 057705050.4420388 0.340 0299 02630 205 0 1600.141 0.125 0.099 0.078 Period 15 0.861 0.743 0.642 06650481 0.417 0.362 0.315 02750239 0.183 0.140 0.123 0.108 0.0840065 Period 16 0.853 0.7280.623 0534 0.4680294 03390292 0 262 0218 0.163 0.123 0.1070.090 0.071 0.064 Period 17 0.844 0.7140 606 06130 4360371 0317 0270 0231 0.19801460108 0.093 0.000 0.060 0.045 Period 19 0836 0.700 0.58704940416 0.3500 296 0.250 0212 0.180 0130 0.096 0.081 0.069 0.061 0.038 Period 19 028 0.686 0.570 0.475 0296 0331 0277 0232 0.1940 1640.116 0.083 00700060 0.043 0.031 Period 20 10 820 | 0.673 0.5640456 0377 0312 0258 0215 0.17 0.14901040.073 0.061 0.061 0.007 0.026 Period 21 08110,660 0533 043903690294 0.242 | 0199 0.16401360093 0.064 0053 0.044 0.001 0.022 Period 22 0.8030.64706220 42203420278 0226 0.1840.15001230.0830.0560046 0.0380026 0018 Period 23 0.795 0634 0507 0.4060326 0262 0211 0.1700138 0.1120074 0.0490 040 0.0330 022 0.015 Period 24 0.78 0.6220 492 0 3900 3100 247 0.197 0.15 0.126 0.1020.0660043 0006 0.028 0.019 0.013 Period 25 07300610 0.470 3750296 0233 0.184 0 1460 1160092 0.0690.038 0.0300.0240016 0.010 Period 26 0.7720598 0.464 0361 0281 0 220 0172 0.135 0 1060084 0.0630.0330 026 0.021 0.014 0.009 Period 27 076405360450 03470268 0207 0.161 0.125 0.098 0.076 0.047 0.029 0.023 0018 0.011 0.007 Period 28 0.757 0.574 0.437 0.333 02550.196 0 1500.116 0.090 0.0690042 0.026 0.0200016 0.000 0.006 Period 29 0 7490.563 0424 0.32 0243 0.185 0.141 0107 0082 0.063 0037 002200170.014 0.008 0.005 Period 30 0 742 0.552 0.412 0.308 0 23101740131 0.099 0.075 0057 0.033 00200015 0.012 0.007 0.004 Period 40 0.672 0.463 0.307 0.20 0.1420.097 0.0670046 0.03200220011 0.005 0.0040.003 0.001 0.001 Period 50 06080372 0228 0.141 0.087 0054 0.034 0.021 0.0130009 0.003 0.001 0.001 0.001 resent uture Val Periods Period 1 Period 2 Period 3 Period 4 Period 5 Period 6 Period 7 Period 8 Period 9 Period 10 Period 11 Period 12 Period 13 Period 14 Period 15 Period 16 Period 12 Period 13 Period 19 Period 20 Future Value of $1 19 29% 39 4% 5% 5% 794 $%% 996 1096 1296 1496 15% 1.010 1020 1.030 1040 1050 1060 1.070 1.000 1.090 1.100 1 120 1.140 1150 1.0201040 1061 1.082 1.100 1.1241.145 1.166 1.1881.210 1.254 1.200 1323 1.030 1061 1 093 1125 1158 11911 225 1260 1296 1331 1,405 1.482521 1.041 1.082 1.126117012161 262 1 311 1360 1.4121.464 1 574 1689 1749 1061 1.104 1.159 1217 1276 1338 1.403 1.469 1.5391611 1.7621 925 2011 1.062 1.126 1.1941 2651340 1.4191 501 1587 1.677 1.7729742.1952313 1.072 1 1491 230 1316 1.407150416061714 1823 1949 22112502 2.660 1033 1.1721 267 1.369 1.47715941718 1851 19902144 2.47628533069 1094 1.195 305 1423 15611.6891838 1 999 2172 2.3582773 3.2522618 1 1061219 1344 1.450 1.62917911.967 2159 23672.594 3106 3.707 4.046 1116124313841539 1710 1 898 2.105 2332 2580 2853 3.4794226 4662 1.1271 263 1426 1.601 1.796 2.01222622513 2813 3.13 3.896 4818 5350 113 294 1.469 1666 1886 2.133 2410 2.720 30663,462 4363 8.492 6.153 1149 319 151317321 980 2261 26792.937 3.342379848376 261 7075 1.161 1346 1668 1.801 2079 23972.759 3.172 3.642 41775474 8137 1:1731 37316051873 2.183 254029623.426 3970 45966.130 1379.368 1184 1.400 1653 19482292 2699 3.1593.700432350546 866 9.276 10.76 1.196 1421702 2.026 2 4072864 3380 3.99 4.7175,5607.690 10.58 1238 1.203 1.45717542 107 2.527 3.026 3.6174316 5.1426 116 8.613 12061423 122014861.806 2191 26633 20738704666.604 6727 9646 13.74 16:37 123216161 860 2279 27363 400 4.1415.034 6.1097 400 10:30 15.67 1882 5245 1646 1.916 2 370 2.925 3.604 4.430 6 437 6.669 8.140 12.10 12 36 21 64 12571677 1974 2.46530723.8204741 58717 258 2964 13.56 20 36 2489 1270 1 608 2.03325633 225 4049 50726341 79119.860 16.1323212853 1282 1.6412094 2.666 3386 4 292 6.4276848 623 1083 17.00 26 46 32.92 1296 1673 2.157 2772 3.556 4.5496 8077 396 93991192 19.04 30.1737.36 130817072221 2883 3.733 482262147988 10 25 13.11 2132 34 394354 1321 1.7412288 2.999 3.920 5.1126649 3627 1117 14.42 280 29.20 50.07 13361.7762 367 3.11941166.4187114931712171686 26 76 4469 67 68 134 1311 2427 3 243 43225.743 7612 10:06 13,27 1745 29.96 50.95 6621 1.489 2 2083 2624 8017040 10.291497 21.72 3141 45.2693.05 18892679 1 645 2.6924384710711 4718 4229 46 46 90 74 36 1174 289.0 700 21084 Period 21 Period 22 Period 23 Period 24 Period 25 Period 26 Period 27 Period 20 Period 29 Period 30 Period 40 Period 50 Periods Period 1 Period 2 Period 3 Period 4 Period 5 Period 6 Period 7 Period 8 Period 9 Period 10 Period 11 Period 12 Period 13 Period 14 Period 15 Period 16 Period 17 Period 18 Period 19 Period 20 Future Value of Ordinary Annuity of $1 1% 2% 39% 49% 5% 646 7% 9% 9% 10% 1296 14% 15% 1000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 2010 2020 2030 2040 2050 2060 2070 2080 2.090 2.100 2.1202140 2.150 3.0303.060 3.091 3.122 3.153 3.1843216 3246 3.2783 3103 374 3.440 3.473 4.0604.122 4.18442464.310 4.375 4.440 4 506 4.573 4.641 4.7794.921 4.993 5.101 52045.309 5.4166626 5.637 6.761 5.867 5.985 6.10563636610 6.742 6.162 | 6.308 6.468 6.633 6.802 6 9757 15371336 75237.716 8.115 8.536 8.754 7214743476627.898 8.1428 394 8.6548 923 9200 9.487 10.09 10.73 11.07 8286 8583 8 3929 2149.549 9.897 10 260 10.64 11.03 11.44 1230 13 23 13.73 9.369 9.755 10.16 10.58 | 11.03 | 11.49 11.93 12.49 13.02 13.58 1478 16.09 16.79 10.46 10 96 11.46 12.01 12581318 13 82 14.49 15 19 15.94 17:55 19.34 20.30 11.57 12 17 12.81 13.49 14 21 14 97 15.78 16,65 1756 1853 20 65 23.04 24 35 12.68 1341 14.1915.03 15 92 16 87 1789 18.98 20.1421 38 24 13 27 27 29.00 1381 14 68 1662 1663 17.71 1888 20.14 21.50 22.95 2452 28.03 32.09 34.35 14.95 15.97 17.09 1829 1960 2102 22 56 24 21 26.02 2798 32,39 3758 40 50 16.10 17.29 18.60 20.02 2158 23 28 25 13 27.15 29.36 3177 3728 43 84 47.58 1726 18.64 20.16 2182 23 66 25.67 2789 30.32 33.00 35.964275 50.98 55.72 18,43 20.01 21.76 23.70 25.84 28 21 30.84 33.75 36 97 40.54 48.88 59.12 65.08 1961 21.41 23.41 2565 28 13 30.91 34.00 37.45 41 30 45.60 56.75 68397584 2081 2284 25.12 27.67 30 54 3376 37 38 41 45 46.02 61.16 63.44 78.9788 21 22.02 24 30 26 87 29.7833 07 36.79 41.00 45.76 61.16 5728 72.05 9102 102.4 23 24 25,78 28 68 31.9735.72 39.99 44.87 50 42 56.76 64.00 31.70 104 % 1188 24.47 27 30 30.54 34 2538 51 43.39 4901 56.46 6287 71.40 92.50 120 4 1376 25.72 28.85 32.45 36 62 41 43 4700 53 44 60 89 69.5379.54 1046 1383 169.3 2697 30.42 344339.08 44 50 50.82 58 18 6676 76.7988,601182 158.71842 28.24 32.03 36 46 41.65 47.73 54.86 6325 73.11 84.70 9835 1333 181.92128 29.53 33.67 38 55 44 31 61.11 69.16 68.68 79 95 93 321092 150 3 2083 245.7 3082 35 34 40.71 47.08 54.6763.71 74.48 8735 102.7 1211 169.4 2385 283.6 32.13 37.06 42 93 49.97 58 406853 80.70 95,34 1130 1342190.7 27293271 3345 38.79 45.22 62 97 62 32 73.648736 104.0 1241 1486 2146 3121 3772 3478 40.674758 66 08 66 44 79.06 94.46 1133 1363 164.5 2413 366.8 | 434.7 48.8960.40 75 40 95 03 1208 164.8 199 6 259.1 337 9 4426 767 11,342 1779 64 46 84.68 11281527 2093 290 3.4065 573.8816.1 1.164 2.400 4.995 7218 Period 21 Period 22 Period 23 Period 24 Period 25 Period 26 Period 27 Period 28 Period 29 Period 30 Period 40 Period 50 3% Present Value of Ordinary Annuity of $1 Periods 196 292 4% 5% 6% 794 $94 9% 10% 12% 149 15% 16% 18% 2050 Period 1 0.9900 980 0971 0.962962 10.9430 9350 926 0.917 0.909 0.833 0.893 087708700 8620,847 Period 2 1970 1942 1.913 1.88613691833 1808 1.783 1.759 1736 1.690 1647 1.626 1.605 1.566 1528 Period 3 2.9412.884 28292.775 2723 2673 2.624 2577 2531 2.487 2 4022322 223 2 246 2.174 2 106 Period 4 3.902 3.808 3.7173.6303 546 3.465 3 387 33123 240 3.170 3.03729142855 2.798 2690 2.589 Period 5 43534713 4.580 4452 432942124 100 3.993 390 3.791 3.606 3.433 3352 3274 3.127 2.991 Period 6 5.795 5.601 5.417 5.242 6.07649174767 4.62344864.355 4.111 3.889 3.784 3.685 3.498 3.326 Period 7 6.7286.4726.2306,002 6.786 5582 5.389 5.206 5.033 4.868 4.664 4288 4.1604.039 3.312 3605 Period 8 7 652 7326 7.0206 733 6.463 62106.971 5747 6.536 6.335 4968 4639 4.487 43444 078 3837 Period 9 85653 162 7.786 7.43671086 802 6.515 6.247 6.995 6.769 5.3284946 47724.607 4300 4001 Period 10 9.471 8983 8530 B 1117.722 7360 7.0246.710 6.4186.145 5.650 6216 5.019 4833 4,494 4192 Period 11 10 368 9.787 9263 8.760 8.806 7.887 7.49971396.8056496 6938 6.463 5234 5.029 4.656 4.327 Period 12 11 255 10.5759954 93858.86333847 943 7.636 71616.814 6194 5.660 5.421 5.197 4.793 4439 Period 13 12 134 1134810,635 9986 92948.85383587.904 7487 7.103 6.424 51842 658 5342 4910 4533 Period 14 13 004 12 106 11 296 10563 3.999.296 8.745 82447 786 7.367 6628 6.002 5.724 5.468 50084611 Period 15 13.865 12.849 11 93811.118 1038097129.108 8.559 8.061 7.606 6,811 6 1425,847 5575 6.692 4.675 Period 16 14 718 1357812561 11 662 10 838 0.106 9 447 8851313 7 824 6.9746265 5 954 6.6695.162 4730 Period 17 15.66214 292 13.166 12 166 1127410 477 9.763 9.12285448022 7.1206.373 6.047 5.749 6222 4.775 Period 1916398 14992 13.754 1266911 690 108210,059 9.372 8756820172506467 6.12 6.818 52734 812 Period 19 17226 15.67% 1432413.134 12.085|11.15810.336 9.604 $950 $36573666550 6.198 6.87753164.844 Period 2018.046 16351 14877 13.590 12 462 11.470 10.5949.8189 129 8.51474696.623 6.259 5929 5.3634 870 Period 21 18.857 17.011 15.415 14.029 12.82111 764 10.836 11001792928 649 7662 6637 6312 5973 5.3844291 Period 22 19.660 17 668 15.937 14.451 13 163h12042 11.061 10 2019.442 8772 7 645 6.743 6.359 | 6011 5.410 4.909 Period 23 20.45618.292 16.444 14.857 13.489 12 303 11.272 10371 9.6808883 7.718 6.792 63996044 5.432 4925 Period 24 21 243 18 914 16.936 15247 13.799 12 550 11.469 10529 9.7078.985 7784 6835 6.434 6.073 5451 4.937 Period 25 22 023 19 623 17 413 15.622 14.094 12783 11.654 10676 9.8239.077 78436.873 6.464 6.097 5.467 4948 Period 26 22.796 20.12117.877 16.983 1437513003 11.826108109.929 9.1617.8966.906 6.491 6118 5.480 4.956 Period 27 23 660 20.70718327 16.330 14.64313211 11.987 10.935 10.027 92377943 6.936 6.514 6136 5.492 4.964 Period 28 24 316|21 281 18764 16.663 14.89813.406 12.137 11051 10.116 9.3077.984 6.961 6534 6 152 5.502 4970 Period 29 25.066 21.844 19.188 16.984 15.141 13.591 12278 11.158 10.1989.3708.022 6 983 6.561 6.166 55104976 Period 30 26.808 22 396 19600 17.292 1537213.766 12 409 11 258 10 274 9427 8066 7.000 6666 6177 6617 4.979 Period 40 32.83627 366 23 115 19.793 17.1591504613332 11.925 10.767 9.779 244 7.105 6.642 6233 6.548 4997 Period 50 39.19631.42425.730 21.482 18266 15.762 13.801 12.233 10 962 9.916 8.304 7.133 6.661 6246 5564 4.999 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 51 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 0.567