Present and future value tables of S1 at 3% are presented below. PVA $1 0.97087 FVAD $1 PVAD $1 1.06.09 0.9M264 1.000 2.000 1.91347 1.0927 2.0909 1.97087 2.62861 1.125 1.15927 1.19405 0.85741 1.22987 0.81 309 1.26677 0.78941 9 1.30477 0.76642 101.34392 0.74409 1.38423 0.72242 121.42576 0.7013 13 1.468530.68095 14 1.51259 0.66112 151.55797 0.54186 161.60471 0.62317 171210 4.3091 4.5797 5.41719 7.6625 6.23028 8.8923 7.01969 9.1591 10.1591 7.78611 10.46 39 11.4619 0.3020 11.8878 12.30789 .25262 13. 1920 14.19209 .95400 14.6178 10.25262 15.6178 10.6 3496 16.8863 10.95400 17.0863 11.29607 17.5989 11.63496 18.5989|11.9379419.1569 12.29607 20.1569 12.56110 20.751612.93794 Jose wants to cash in his winning lottery ticket He can either receive five 54.000 annual payments starting today, or he can receive on a 3% annual interest rate what would be the lump-sum payment? o m payment today based on D olce 14 15 16 1.5129 0.66112 1.95797 0.64186 1.6 9.62317 17.0863 18.989 20.1569 11. 29607 17. 89 1.63496 11.9379 19. 1969 12.29607 12.56119 120.7616 12.93794 Jose wants to cash in his winning lottery ticket. He can either receive five, $4,000 annual payments starting today, or he can receive one lump sum payment today based on a 3% annual interest rate. What would be the lumpsum payment? Multiple Choice O S16,598 $18. 19. $1747. 518.868