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Please answer all parts of the question. Thanks! After hearing a knock at your front door, you are surprised to see the Prize Patrol from
Please answer all parts of the question. Thanks! After hearing a knock at your front door, you are surprised to see the Prize Patrol from a large, well known magazine subscription company. It has arrived with the good news that you are the big winner, having won $29 million. You have three options. () Receive $1.45 million per year for the next 20 years (6) Have $10.25 million today Have $2 million today and receive $1,150,000 for each of the next 30 year Your financial adviser tells you that it is reasonable to expect to earn 12 percent on investments. Required: 1. Calculate the present value of each option, Euture Value of St. Present Value of $1. Euture Values. Autoli. Present Value Anully.S1) (Use appropriate factor(s) from the tables provided. Round your final answer to the nearest whole dollar. Enter your answers in dollars, not in millions.) Present Value Option A Option Option
Please answer all parts of the question. Thanks!
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