Please help!
Congratulations! You have won a state lottery. The state lottery offers you the following (after-tax) payout options: EB (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 Ordinary Annuity of $1 table.) (Click the icon to view Future Value 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) Option #1: Enter any number in the edit fields and then click Check Answer. Reference Present Value of $1 Peri ds 1% 2% 1 3% 4% -5% -6% I 7% 8% I 9% 10% 1 12% 14% 1 15% 16% 18% 20%-1 10.990 0.980 0971 0.962 0952 0943 0935 0926 0917 0909 0893 087 0870 0862 0847 0833 2 0.90 0.91 0943 0925 00 0890 0873 0857 0842 08260797 0769 0756 0.743 0718 0.694 3 0971 0942 0915 089 0864 0840 0816 0794 0.772 0751 0712 0675 0658 0641 0609 0.579 4 0961924 0888 0855 0823 0792 0763 0730708 0683 0630592 0572052 56 0,482 5 | 0951 | 0 906 | 0863 | 0822 | 0784 | 0747 | 0713 | 0681 | 0650 | 0621 | 0567 | 0.519 | 0497 | 0476 | 0437 | 0402 6 | 0942 | 0888 | 0837 | 0790 | 0746 | 0705 | 0666 | 0630 | 0596 | 0564 | 0.507 | 0456 0432 | 0410 | 0.370 | 0.335 0933 0871 0813 0760 0.711 0665 0623 0583 0547 0513 0452 0400 0376 0354 0314 0279 8 0923 0853 0789 0731 0677 0627 0582 05400502 0467 0404 0310327 0300266 0233 9 0.914 0.837 0766 0703 0645 0.592 0544 50 0460 0424 0363080284 0.263 0225 0.194 10 0905 0820 074 0676 558 0508 0463 0422 0386 0322 0270 27 0227 0191 0162 11 0896 0.804 0722 0650 0850527 0475 0429 883287 0237 0215 0195 0162 0135 12 0887 0788 070 062 0557 0497 0444 0397 0356 0319 025720187 0.168 0137 0.112 13 0879 0773 0681 53 0469 0415 036326 290 0229 0182 0163 0.145 0.116 0.093 14 0870 0.758 0661 0.577 0505 0442 0.388 0340 0299 0263 0205 0.160 0.141 0.125 0099 0.078 Print Done estior 1 Reference Future Value of $1 11010 1.020 1030 1040 1.050 1.060 1.070 1080 09000 1.120 .1401.150 2 1020 .040 1.061 1082 1.103 1.124 1.145 1.166 .188 1.210 1254 1300 1323 3 1030 1.061 1093 1125 1.158 1.191 1225 1260 1295 1.331 1405 1482 1521 41041 1,082 1.126 1.170 1216 1262 311360 1412 1464 1574 1689 1.749 5 1.051 1.104 159 1217 1276 138 1403 1469 1539 16111.762 1925 2.011 6 1062 1.128 1.194 1265 1340 1419 1501 1587 1,677 1.72 1974 2195 2313 7 1072 1.149 1230 1316 1407 1504 1606 114 1828 949 2211 2502 2660 8 1083 1.172 267 369 1477 594 1881 993 2144 2476 2853 3.059 9 1.094 1.195 1305 1423 1551 1689 1838 1.999 2172 2358 2773 3252 3.518 10 1.105 1219 1344 1480 1629 1.791 1967 2159 2367 2594 3106 3.707 4.046 11 1,116 1243 1384 539 1710 1808 2105 2332 2.580 2.853 3479 26 4852 12 1.127 1.268 1426 1601 17962012 225 2518 2813 3138 3.896 4818 5350 13 | 1.138 | 1.294 | 1469 | 1665 | 1886 | 2133 | 2410 | 2.720 | 3066 | 3452 | 4363 | 5492 | 6.153 14 1.149 1319 1513 1732 1.980 2261 1 2579 2.937 3342 3798 4887 6261 7076 Print Done swer Reference Present Value of Ordinary Annulty of $1 10990 0980 0971 0962 0.952 0943 0935 0926 0917 0.893 0877 0870 0862 0847 0833 2 1970 1942 1913 86 1859 1.833 1808 1783 59 1736 1690 1647 1.626 1.605 1.586 1.528 3 2941 2884 2829 2775 2723 2673 2624 2577 2531 2487 2402 2322 2.283 2246 2.174 2.106 302 3808 3717 3630 3.546 3.465 3387 3312 3240 3.1703037 2914 2855 2798 2690 2589 5 | 4853 | 4713 | 4 580 | 4452 | 4329 | 4212 | 4 100 | 3993 | 3890 | 3201 | 3605 | 3433 3.352 3.274 | 3.127 | 2.991 6 5.795 | 5601 5417 | 5242 | 5076 | 4917 | 4767 | 4623 | 4486 | 4355 | 4 111 | 3889 | 3784 | 3685 | 3498 | 3326 76.728 6472 230 6.002 5786 5.58 5.389 5206 5033 4868 4564 4288 4.160 4.039 3812 3605 8 7.652 7325 7020 6733 6463 6210 597 5747 5.535 5335 496 4639 4487 4.344 4.078 3.837 9 8566 8162 7.78 7435 7108 6.802 6515 6247 5995 5759 5.328 4946 4772 4607 4.303 403 10 9471 8983 8530 1772 7360 7024 6710 6418 6145 5650 5216 5019 4833 4494 4.192 11 10368 9787 9253 87608306 7887 7499 7.139 6805 649 5938 5453 5234 5029 4656 4.327 12 11255 10 575 9954 9385 8863 8384 7943 7536 7161 6814 61945660 5421 5197 793 4439 13 12.134 11.348 0.635 99869.394 8853 8358 7904 7487 7103 6424 5842 5583 5342 4910 4.533 3.004 12.106 11.296 10.563 9.899 9295 8.745 8244 7.786 7.3676.628 6002 5.724 5.468 5008 4.611 Print Done 1223 33444 444 34445 555 101233 44455 5666 3 45556 447 13 6975 99 3 4 71 60 .01234 56789 10 11 Reference Future Value of Ordinary Annuity of $1 Periods| 1% | 2% | 3%4% . 5% l 6% 1-7%| 8% l-9%| 10%|12% 1 14% 115% 11.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 000 .000 1.000 1.000 2 2.010 2020 2.030 2040 2050 2060 2070 2080 2090 2.100 2.120 2140 2.150 3 3.030 3.060 3.091 3.122 3.153 3.184 3.215 3.246 3278 3310 3.374 3.440 3.473 4 4.060 4.122 4.184 4.246 4.310 4.375 4.440 4.506 4.573 4641 4.779 4921 4.993 5 5.101 5.204 5.309 5.416 5.526 5637 5.751 5.867 5985 6.105 6.353 6.610 6.742 6 6.152 6308 6.468 6633 6802 6.975 7.153 7.336 7.523 7.716 8.115 8.536 8.754 77214 7434 7.662 7.898 8.142 8.394 8.654 8923 9.200 9.4870.09 0.73 11.07 8 8.286 8.583 8.892 9.214 9.549 9.897 0.260 10.64 1.03 1.44 .30 13.23 13.73 9 9.369 9.755 10.16 10.58 11.03 11.49 11.98 12.49 3.02 3.5 478 609 1679 10 10.46 10.95 11.46 12.012.58 3.18 1382 1449 15.19 15.94 17.55 19.34 20.30 1157 12.17 2.81 13.49 14.21 14.97 15.78 16.65 1756 853 20.65 23.04 24.35 2 12.68 13.41 14.19 15.03 15.92 6.87 17.89 18.98 20.14 21.38 24.13 27.27 29.00 13 13.81 14.68 15.62 663 771 8.88 20.14 21.50 2295 24.52 28.03 32.09 34.35 1-14.-1. 14.95 1.15.9.L 17.09 | 18.29 I 19.6021.02. I 22.55 I 24.21 I 26.02 I 27.98 I 32.39 I 37.58 I 40.50 Print Done Data Table Option #1: $14,000,000 after five years Option #2: $2,250,000 per year for five years Option #3: $12,000,000 after three years Print Done
