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please help thank you 27) Ken Jones has just won the state lottery. The state offers the following three payout options for after- tax prize
please help thank you
27) Ken Jones has just won the state lottery. The state offers the following three payout options for after- tax prize money: 1. $%50,000 per year at the end of each of the next six years 2. $300,000 (lump sum) now 3. $400,000 (lump sum) six years from now Calculate the present valueof each scenario using an 8% annua Round to nearest whole dollar. (15 points) l discount rate. Show your claculations. Present value of an ordinary annuity of $1: 9% 890 0.917 0.92 0.93 1.78 1.808 2.531 2.577 2.624 3.2 3.31 3.387 3.993 4.767 4.623 4.486 Present value of $1: 9% 8% 0.917 0.926 0.935 0.842 0.85 0.873 0.772 0.794 0.816 0.70 0.7 0.681 0.596 0.630 0.6Step by Step Solution
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