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Q 8 0 . You recently wan a lattery and have the option of recelving one of the lollowing three prizes: ( 1 ) $
Q You recently wan a lattery and have the option of recelving one of the lollowing three prizes: $ cash immediately. $ cash immediately and a sixyear annual annuty of $ beginning one year from coday, or a slxyear annual annuity of $ beginning loday. Required: Assuming an interesi sare of compounded annually, determine the present value for the above options. Which option shauld you choose? tabletableFutureVaiue of tablePresentValue of tableFuture valueoftanordinaryannuitytablePresene valueof an ardinaryannuitytablePresent valueaf an annuitydue
Q You recently wan a lattery and have the option of recelving one of the lollowing three prizes: $ cash immediately. $ cash immediately and a sixyear annual annuty of $ beginning one year from coday, or a slxyear annual annuity of $ beginning loday.
Required: Assuming an interesi sare of compounded annually, determine the present value for the above options. Which option shauld you choose?
tabletableFutureVaiue of tablePresentValue of tableFuture valueoftanordinaryannuitytablePresene valueof an ardinaryannuitytablePresent valueaf an annuitydue
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