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Please help me solve for the present value of each payout rate of interest 6% Congratulations! You've won a state lotto! The state lottery offers
Please help me solve for the present value of each payout
rate of interest 6%
Congratulations! You've won a state lotto! The state lottery offers you the following (after-tax) payout options: (Click the icon to view the payout options.) (Click the icon to view the present value factor table.) (Click the icon to view the present value annuity factor table.) 5 (Click the icon to view the future value factor table.) (Click the icon to view the future value annuity factor table.) Requirement Assuming that y arest whole dollar.) Data Table Calculate the pre Option #1: Option #1: $13,000,000 five years from now Option #2: $2,100,000 at the end of each year for the next five years Option #3: $10,500,000 four years from now Print Done Periods 1% 2% 0.990 0.980 0.980 0.961 0.971 0.942 0.961 0.924 0.951 0.906 0.942 0.888 0.933 0.871 0.923 0.853 0.914 0.837 0.905 0.820 0.896 0.804 0.887 0.788 0.879 0.773 0.8700.758 0.861 0.820 0.673 0.780 0.610 0.742 0.552 0.672 0.453 3% 0.971 0.943 0.915 0.888 0.863 0.837 0.813 0.789 0.766 0.744 0.722 0.701 0.681 0.681 0.661 4% 0.962 0.925 0.889 0.855 0.822 0.790 0.760 0.731 0.703 0.676 0.650 0.625 0.601 0.601 0.577 Present Value of $1 5% 6% 8% 10% 0.9520.943 0.926 0.909 0.907 0.890 0.857 0.826 0.864 0.840 0.794 0.751 0.823 0.792 0.735 0.683 0.784 0.747 0.681 0.621 0.746 0.705 0.630 0.564 0.711 0.665 0.583 0.513 0.677 0.627 0.540 0.467 0.6450.5920.500 0.424 0.614 0.558 0.463 0.386 0.585 0.527 0.429 0.350 0.557 0.497 0.397 0.319 0.530 0.469 0.368 0.290 0.505 0.442 0.340 0.263 0.481 0.417 0.315 0.239 0.377 0.312 0.215 0.149 0.295 0.233 0.146 0.092 0.231 0.174 0.099 0.057 0.142 0.097 0.046 0.022 12% 14% 15% 18% 20% 0.893 0.877 0.862 0.847 0.833 0.797 0.769 0.743 0.7180.694 0.712 0.675 0.641 0.609 0.579 0.636 0.592 0.552 0.516 0.482 0.567 0.519 0.476 0.437 0.402 0.507 0.456 0.410 0.370 0.335 0.452 0.400 0.354 0.314 0.279 0.4040.351 0.305 0.266 0.233 0.361 0.308 0.263 0.225 0.194 0.322 0.270 0.227 0.191 0.162 0.287 0.237 0.1950.162 0.135 0.257 0.208 0.168 0.137 0.112 0.229 0.182 0.145 0.116 0.093 0.205 0.160 0.125 0.099 0.078 0.183 0.140 0.108 0.084 0.065 0.104 0.073 0.051 0.037 0.059 0.038 0.024 0.0160.010 0.033 0.0200.012 0.007 0.004 0.0110.005 0.003 0.001 0.001 0.026 0.554 0.478 0.412 0.307 0.456 0.375 0.308 0.208 eriods 3 4 4.355 Present Value of Anrsity of $1 1% 2% 3% 4% 5% 6% 8% 10% 12% 14% 0.990 0.9800.971 0.962 0.952 0.943 0.926 0.909 0.893 0.877 1.970 1.942 1.913 1.886 1.859 1.833 1.783 1.736 1.690 1.647 2.9412.884 2.829 2.775 2.723 2.673 2.577 2.487 2.402 2.322 3.902 3.808 3.717 3.630 3.546 3.465 3.312 3.170 3.037 2.914 4.853 4.713 4.580 4.452 4.329 4.212 3.993 3.791 3.605 3.433 5.795 5.601 5.417 5.2425.076 4.917 4.623 4.111 3.889 6.728 6.472 6.230 6.0025.786 5.582 5.206 4.868 4.564 4.288 7.652 7.325 7.020 6.733 6.463 6.210 5.747 5.335 4.968 4.639 8.566 8.162 7.786 7.435 7.108 6.802 6.247 5.759 5.328 4.946 9.471 8.983 8.530 8.111 7.722 7.360 6.710 6.145 5.650 5.216 10.368 9.787 9.253 8.760 8.306 7.887 7.139 6.495 5.938 5.453 11.255 10.575 9.954 9.385 8.863 8.384 7.536 6.814 6.194 5.660 12.134 11.348 10.635 | 9.9869.394 8.853 7.904 7.103 6.424 5.842 13.004.12.106 11.296 10.563 9.899 9.295 8.244 7.367 6.628 6.002 13.865 12.849 11.938 11.11810.380 9.7128.559 7.606 6.811 6.142 18.046 16.351 14.877 13.590 12.462 11.470 9.818 8.514 7.469 6.623 22.023 19.523 17.413 15.622 14.094 12.783 10.675 9.077 7.8436.873 25.808 22.396 19.600 17.292 15.372 13.765 11.258 9.427 8.055 7.003 32.835 27.355 23.115 19.793 17.159 15.046 11.925 9.7798.244 7.105 16% 18% 20% 0.8620.847 0.833 1.6051.566 1.528 2.246 2.174 2.106 2.798 2.690 2.589 3.274 3.127 2.991 3.685 3.498 3.326 4.039 3.812 3.605 4.344 4.078 3.837 4.607 4.303 4.031 4.833 4.494 4.192 5.029 4.656 4.327 5.197 4.793 4.439 5.342 4.910 4.533 5.468 5.0084.611 5.575 5.092 4.675 5.929 5.353 4.870 6.097 5.467 4.948 6.1775.517 4.979 6.233 5.548 4.997 20 Periods 13% 11.030 1.06] 1.093 1% 1.010 1020 1.030 1.04] 1.051 1.062 1.072 2% 1.020 1.040 1.061 1.082 1.104 1.126 1.149 1172 1.195 1.219 1.126 1159 1.083 1.194 1.230 1.267 1.305 1.344 23 4 5 6789m=296 1.040 1.082 1.125 1.170 1.217 1.265 1.316 1.369 1.423 1.460 1.539 1.601 1.665 1732 1.801 2.191 2.666 3.243 4.801 1.094 1.105 1.116 1.127 1.138 1.149 1.161 1.220 1.282 1.348 1.489 58 1.050 I103 1.158 1216 1276 1.340 1.407 1.477 1551 1.629 1.710 1.796 1.866 1,980 2.079 2.653 3.366 4.322 17040 Future Value of $1 6% 8% 1.060 1.060 1.124 1.166 1.191 1.260 1.262 1.360 1.336 1.469 1.419 1.567 1.504 1.714 1.594 1.851 1.689 1.999 1.791 2.159 1.898 2.332 2.012 2.518 2.133 2.720 2.261 2.937 2.397 3.172 3.207 4.661 4.292 6.848 5.743 10.063 10.266 121.725 | 10% 1.100 1.210 1.331 1.464 1.611 1.772 1949 2.144 2.358 2.594 2.853 3.138 3.452 3.797 4.177 6.727 10.835 17.449 45.259 | 12% 14. 1.120 1.140 | 1.254 1.300 1.405 1.482 1.574 1.689 1.762 1.925 1.974 2.195 2.211 2.502 2.476 2.853 2.773 3252 3.106 3.707 3.479 4.226 4.818 4.363 5.492 4,887 6.261 5.474 7.136 9.646 13.743 17.000 26.462 29.960 | 50.950 93.051 | 188.884 -3896 1.243 1.26 1.294 1.319 1.346 1.384 1.426 1.469 1513 16 1.486 1.64] 1.81] 2.208 1.806 2.094 2.427 3.262 | | Periods 6% 14% OWN 3% 1.000 2.030 3.091 4.184 4.310 1% 1.000 2.010 3.030 4.060 5.101 6.152 7.214 8.286 9.369 5.309 c 2% 1.000 2.020 3.060 4.122 5.204 6.308 7.434 8.583 9.755 10.950 12.169 13.412 14.680 15.974 17.293 24.297 32.030 40.568 60.402 10.462 4% 1.000 2.040 3.122 4.246 5.416 6.633 7.898 9.214 10.583 12.006 13.486 15.026 16.627 18.292 20.024 29.778 41.646 56.085 95.026 Future Value of Annuity of $1 5% 8% 10% 12% 1.000 1.000 1.000 1.000 1.000 2.050 2.060 2.080 2.100 2.120 3.153 3.184 3.246 3.310 3.374 4.375 4.506 4.641 4.779 5.526 5.637 5.867 6.105 6.353 6.802 6.975 7.336 7.716 8.115 8.142 8.394 8.923 9.487 10.089 9.549 9.897 10.637 11.436 12.300 11.027 11.491 12.488 13.579 14.776 12.578 13.181 14.487 15.937 17.549 14.207 14.972 16.645 18.531 20.655 15.917 16.870 18.977 21.384 24.133 17.713 18.882 21.495 24.523 28.029 19.599 21.015 24.215 27.975 32.393 21.579 23.276 27.152 31.772 37.280 33.066 36.786 45.762 57.275 72.052 47.727 54.865 73.106 98.347 133.334 66.439 79.058 113.283 164.494 241.333 120.800 154.762 259.057 442.593767.091 6.468 7.662 8.892 10.159 11.464 12.808 14.192 15.618 17.086 18.599 26.870 36.459 47.575 75.401 1.000 2.140 3.440 4.921 6.610 8.536 10.730 13.233 16.085 19.337 23.045 27.271 32.089 37.581 43.842 91.025 181.871 356.787 1,342.025 11.567 12.683 13.809 14.947 16.097 22.019 28.243 34.785 48.886 8 cm Step by Step Solution
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