Question Help E12-25A (similar to) Congratulations! You've won a state lotto! The state lottery offers you the following (after-tax) payout options: EEB (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 8% on your funds, which option would you prefer? (Round your answers to the nearest whole dollar.) Calculate the present value for each payout. Data Table | Option #1: $14,500,000 six years from now Option #2: $2,000,000 at the end of each year for the next six years | Option #3: $12,500,000 three years from now Print Done Enter any number in the edit fields and then click Check Answer parts remaining Clear All Check Answer Present Value of $1 Periods 1% | 2% | 3% | 4% | 5% | 6% | 8% | 10% | 12% | 14% | 16% | 18% | 20% 1 0.990 0.9800.9710.9620.952 0.943 0.926 0.909 0.8930.877 0.862 0.8470.833 2 0.9800.9610.9430.925 0.9070.8900.857 0.826 0.7970.7690.7430.7180.694 3 0.971 0.942 0.915 0.8890.864 0.840 0.7940.751 0.712 0.6750.6410.6090.579 40.961 0.9240.8880.8550.823 0.792 0.7350.6830.636 0.592 0.5520.516 0.482 50.951 0.906 0.863 0.8220.7840.7470.6810.621 0.5670.5190.476 0.4370.402 6 0.9420.8880.837 0.7900.7460.705 0.630 0.5640.507 0.4560.4100.370 0.335 7 0.933 0.871 0.813 0.760 0.711 0.665 0.583 0.513 0.452 0.400 0.354 0.3140.279 80.9230.8530.7890.7310.6770.627 0.540 0.467 0.4040.3510.305 0.2660.233 90.9140.8370.766 0.703 0.645 0.592 0.500 0.424 0.361 0.308 0.263 0.2250.194 10 0.905 0.820 0.744 0.6760.6140.5580.463 0.3860.3220.2700.2270.1910.162 110.8960.8040.7220.650 0.5850.5270.4290.3500.2870.2370.1950.162 0.135 12 0.8870.7880.7010.6250.5570.4970.3970.3190.2570.208 0.1680.1370.112 13 0.8790.773 0.6810.6010.5300.469 0.3680.2900.2290.182 0.145 0.116 0.093 14 0.8700.7580.6610.5770.5050.4420.3400.2630.2050.160 0.1250.0990.078 15 0.861 0.7430.642 0.5550.481 0.417 0.315 0.239 0.183 0.140 0.108 0.0840.065 20 0.820 0.673 0.5540.456 0.377 0.312 0.215 0.149 0.104 0.073 0.051 0.037 0.026 250.7800.610 0.4780.375 0.2950.2330.1460.092 0.0590.0380.0240.016 0.010 30 0.742 0.552 0.412 0.308 0.231 0.1740.0990.057 0.033 0.020 0.012 0.007 0.004 40 0.672 0.453 0.307 0.2080.142 0.097 0.046 0.022 0.011 0.005 0.003 0.001 0.001 662 997 86 930 39 24704 95311 49 11122 23456 78 025 85 10 139 74 39 '1 '8 47 96 02398 0595 38 0853 689 789 8-13692 71742 125 9 19 36 3 11-12 23345 678 11 26 14 70 7 81 48284 19892 11-112 22334 55679 %-40 00 8 8 2 52327 68968 A3 7 68218 1963 40882 90 4-1 3 469 15827 749 3 5 90 4 3 33445 9 17 12346 135 81471 7 9 741 1835 4 2223 46 10 21 17 723 69 094 01123 45567 80123 227 89 91 3 ut-69 3866 07 0517 19 06609 36 2 19887 58 6 77890 6330 4 507 5693 271 6162 6 0112 23344 56678 1628 01369 36925 00011 I 075 360 6938 6 2615 0 2 2 34455 8042 3 9259 3 4791 4 0 2 00011 223 5 678 5 67891 0289 0-2346 15-0 0 0 0 12345 05 2 12345 6789 Present Value of Annuity of $1 Periods | 1% | 2% | 3% | 4% | 5% | 6% | 8% | 10% | 12% | 14% | 16% | 18% | 20% 0.9900.9800.9710.9620.9520.9430.9260.9090.8930.8770.862 0.8470.833 2 1.970 .942 1.913 1.8861.859 1.833 1.783 1.7361.690 1.647.605 1.5661.528 3 2.9412.8842.829 2.7752.723 2.673 2.5772.487 2.4022.3222.246 2.1742.106 43.902 3.808 3.7173.630 3.546 3.465 3.312 3.1703.0372.914|2.7982.690 2.589 54.8534.7134.5804.4524.3294.2123.9933.7913.6053.433 3.274 3.1272.991 65.7955.6015.4175.242 5.076 4.917 4.6234.355 4.1113.8893.6853.498 3.326 7 6.7286.4726.2306.002 5.7865.5825.2064.8684.5644.2884.0393.8123.605 87.6527.325 7.020 6.7336.4636.210 5.7475.3354.9684.639 4.3444.078 3.837 98.5668.162 7.7867.4357.1086.802 6.2475.7595.3284.9464.6074.303 4.031 10 9.4718.9838.530 8.111 7.7227.360 6.710 6.1455.6505.216 4.8334.4944.192 11 10.3689.7879.2538.7608.306 7.8877.139 6.4955.9385.453 5.0294.6564.327 12 11.25510.575 9.9549.3858.8638.3847.536 6.8146.1945.6605.1974.793 4.439 13 12.134 11.348 10.635 9.9869.3948.8537.9047.1036.4245.8425.3424.9104.533 14 13.004 12.106 11.29610.5639.8999.2958.244 7.367 6.628 6.002 5.4685.0084.611 15 13.865 12.849 11.938 11.118 10.3809.7128.5597.606 6.811 6.1425.5755.0924.675 2018.046 16.35114.877 13.59012.462 11.470 9.818 8.514 7.4696.623 5.9295.3534.870 2522.023 19.52317.41315.622 14.094 12.783 10.675 9.0777.8436.8736.0975.4674.948 3025.808 22.396 19.600 17.292 15.372 13.765 11.258 9.4278.055 7.003 6.1775.5174.979 40 32.835 27.355 23.115 19.79317.159 15.046 11.925 9.7798.2447.105 6.2335.5484.997 Future Value of Annuity of $1 5.637 | 4.506 | 3.310 | 2.120 | 1.000-t 16% 6.975 8.394 5.5264.3753246 2.1001000 14 6.802 12% 20% Periods 6.353 | 4.921 | 3.506 | 2.180 | 1.000 6.877 .000 1.000 2.030 3.091 1.000 2.060 1.000 1.000 1.000 2.020 1000 189% 2.200 3.640 5.368 2.040 5.86746413.3742.140 7.336 8.923 3.030 3.572 5.215 4.246 5.416 6.633 7.898 9.214 4.310 4.779 5.066 5.204 9.930 10.08910.730 11.414 12.1422.916 9.89710.63711.436 12.300 13.23314.240 15.32716.499 10.15910.583 11.027 11.49112.488 13.579 14.77616.085 17.519 19.08620.799 10.46210.950 11.464 12.00612.57813.181 14.487 15.93717.549 19.337 21.32123.521 25.959 11.56712.169 12.808 13.48614.207 14.972 16.64518.531 20.655 23.04525.733 28.755 32.150 12.68313.412 14.192 15.02615.91716.870 18.97721.384 24.133 27.271 30.85034.93139.581 13.80914.680 15.618 16.627 17.71318.882 21.495 24.52328.02932.08936.78642.219 48.497 14.94715.974 7.086 18.29219.59921.015 24.21527.97532.393 37.581 43.67250.818 59.196 16.09717.293 18.59920.02421.579 23.276 27.15231.772 37.280 43.84251.66060.965 72.035 6.308 7.434 8.583 9.755 6.152 7.214 8.286 9.369 6.468 7.716 8.115 8.536 8.977 9.442 9.487 8.892 9.549 10 12 13 15 20 30 22.01924.297 26.870 29.77833.066 36.786 45.76257.275 72.052 91.025115.380 146.628 186.688 28.24332.030 36.45941.646 47.727 54.865 73.106 98.347 133.334181.871 249.214342.603471.981 34.785 40.568 47.575 56.08566.43979.058113.283 164.494241.333356.787530.312 790.948 1,181.882 48.88660.40275.401 95.026 120.800 154.762 259.057442.593 767.091 1,342.025 2,360.7574,163.213 7,343.858