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please please ill humbs up Congratulations! You've won a state lotto! The state lottery offers you the following (after-tax) payout options (Click the icon to
please please ill humbs up
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.) (Click the icon to view the future value factor table.) (Click the icon to view the future value annuity factor table.) Requirement Assuming that you can earn 10% on your funds, which option would you prefer? (Round your answers to the nearest whole dollar.) Data table Option \#1: $16,000,000 five years from now Option \#2: $2,250,000 at the end of each year for the next six years Option \#3: $14,000,000 three years from now Reference Reference Reference Reference Calculate the present value for each payout. Option \#1: Option \#\#2: Option \#3: The option you would you prefer is the one that has the present value. Therefore, would be the preferred payout option Step by Step Solution
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