Question Help E26-23 (book/static) Congratulations! You have won a state lottery. 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 Present Value of $1 table.(Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Assuming you can earn 6% on your funds, which option would you prefer? The present value of the payout is: (Round your answers to the nearest whole dollar.) Option #1: Data Table Option #1 : $12,000,000 after five years Option #2: $2,150,000 per year for five years Option #3: $10,000,000 after three years Print Done Congratulations! You have won a state lottery. The state lottery offers you the following (after-tax) payout options: EEB Click the icon to view the payout options.) Reference (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Future Value of $1 10% | 12% | 1 Assuming you can earn 6% on your funds, which option would you prefer? 11.010 1.0201.0301.040 1.050 1.060 1.070 1.0801.0901.100 1.120 1.14 2 1.0201.040 1.061 1.021.1031.124 1.145 1.1661.108 1210 1.254 1.30 3 1.030 1.061 1.093 1.125 1.158 1.191 1.225 1.2601.295 1.331 1.405 1.48 4 1.0411.02 1.126 11701.2161.2521.311.3501.412 1.4641.574 1.6 5 1.051 1.104 1.159 1217 1.276 1.338 1.403 1.4691.539 1.611 1.762 1.92 6 1.0621.121.194 126513401.419 1.5011.557 1.677 1.7721.9742.19 7 1.072 1.1491.230 13161.4071.5041.60617141.828 1.99 2.211 2.50 8 1.083 1.172 1.267 13691.477 1.594 1.718 1.851 1.993 2.144 |2.476 2.85 9 1.091.195 1.305 1423 1.551 1.699 1.838 1.999 2.1722.3582.7733.25 10 1.105 1.219 1.344 14801.629 1.791 1.957 2.159 2.36T 2.59431063.70 The present value of the payout is: (Round your answers to the nearest whole dollar.) Reference Present Value of $1 Periods l 1% | 2% | 3% | 4% | 5% | 6% 7% 8% 9% | 10% | 12% | 14% 10.990 0.980 0.9710962 0.952 0.943 0.935 0.926 0.9170909 0893D.877 2 0.560 0.951 0.943 0925 0.907 0.890 0873 0.8570.842 0.826 0.797 0.769 3 0.971 0.942 0.9150889 0.864 0.840 0.816 0.7940.7720.751 0.712 D.675 4 | 0.561 | 0.924 | 08 | 0855 | 0.823 | 0.792 0783 | 0.735 | 0708 | 0683 | 0636 | 0592 5 | 0.951 | 0.906 | 0.863 | D822 | 0.784 | 0.247 | 0.713 | .681 | 0.650 | D621 | 0.567 | 0.519 6 0.942 0.88 0.83T 0790 074 0.7050.6560.630 0.596 0.564|0.507 D.456 70.933 0.871 0.813 0.760 0.711 0.665 0.623 0.5830547 0513 D452 0400 8 0.523 0.853 0.789 0731 06770.6270.5820.5400.502046T 0404 0.351 9 0.914 0.837 0.7660.703 0.645 0.592 0.544 0.500 0.4600424 0361 0.308 10 0.905 0.8200.74406760.514 0.558 0.5080463 0422386 03220270 11 0.890.804 0.722 06500.585 0.527 0.475 0.429 0.388 0.350 0.287 0237 12 0.887 0.788.701 0625 0557 0.497 0.4440.397 0.356 0.319 02570208 13 | 0.B79 | 0773 | 0.681 | 0601 | 0.530 .489 0.415 | 0.388 | 0.326 | 0.290 | 0229 | 0182 14 0.8O 0.758 0.661 0577 0505 0.4420.388 0.340 0299 0263 02050.160 15 0.861 0.743 0.642 0.555 0481 0.417 0.362 0.315 0.275 0.239 0.183 0.140 16 0.853 0.7280.6230534 0458 0.394 0.339 0.292 0.252 0.218 0.1630.123 11 1.118 1.243 1.384 1539 1.7101.898 2.1052.3322.590 2.853 3.479 4.22 12 1.127 1.268 1.426 1.601 1.796 2.012 2.252 2.518 2.813 3.1383.896 4.81 13 | 1.138 | 1294 | 1.489 | 1865 | 1.886 | 2.133 | 2.410 | 2.720 | 3.086 | 3.452 | 4.363 | 549 14 1.149 1.319 1.513 1.732 1.980 2.261 2.579 2.937 3.3423.7984.887 6.26 15 1.1611.34615581801 2.079 2.397 2.759 3.1723.6424.177 5.474 7.13 1 1.173 1.373 1.605 1873 2.183 2.540 2.952 3.426 3.970 4.595 6.130 8.13 17 1.184 | 1.400 | 1.653 | 1.948 | 2.292 | 2.693 | 3.159 | 3.700 | 4.328 | 5.054 6866 | 9.27 18 1.196 1.4281.7022.026 2.407 2.854 3.380 3.996 4.7175.507.690 10.5 19 | 1.20B | 1.457 | 1.754 | 2.107 | 2.527 | 3.026 | 3.617 | 4.316 | 5.142 | .116 | .613 | 12.0 20 1.220 1.486 1.8062.191 2.653 3.207 3.870 4.6815.6046.7279.64613.7 21 1.2321.516 1.860 2279 2.786 3.400 4.1415.034.1097.400 10.80 15.5 22 1.245 1.546 1.916 2.370 2.925 3.604 4.430 5.4376.659 8.140 12.1017.8 23 | 1.257 | 1.577 | 1.974 | 2455 | 3.072 | 3.820 | 4.741 | 5.871 | 258 3.954 | 13.55 | 20.3 24 1.270 1.608 2.033 2563 3.225 4.049 5.072 6.341 7.911 9.85015.1823.2 25 1.282 1.641 2.094 2.6663.316 4295.4276.8488.62310.83 17.00 264 PrintDone Clear All PrintDone Reference Reference Present Value of Ordinary Annuity of $1 Periods | 1% | 2% | 3% | 4% | 5% | 6% | 7% | 8% | 9% | 10% | 12% | 14% 1 0.990 0.98 0.971 0.962 0.9520.943 0.935 0.926 0.917D.9090.893 0.87 2 1.970 1.942 1.9131.886 1.859 1.833 1.B01.783 1.7591.7361.690 1.64 3 2.941 2.8842.829 2.775 2.723 2.673 2.624 2.5772.531 2.487 2.402 2.3 4 3.9023.80B 3.717 3,630 3.5463.4653.387 3.312 3.2403.170 3.037 2.91 5 4.853 4.7134.580 4.452 4.329 4.212 4.100 3.9933.890 3.7913.605 3.43 Future Value of Ordinary Annuity of $1 12% | 149 | | 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 | 1.000 | 1.000 | 1.00 2 2.010 2.020 2.030 2.040 2.050 2.060 2.0702.0802.090 2.100 2.120 2.14 3 3.030 3.060 3.091 3.122 3.1533.1843.215 3.246 3.278 3.310 3.374 344 4 4.060 4.122 4.1844.2464.310 4.375 4.440 4.506 4.5734.644.779 4.92 55.101 5.2045.309 5.416 5.526 5.637 5.7515.8675.9856.105 6.353 6.61 eriocs 6 5.7955.6015.4175.242 5.076 4.917 4.767 4.623 4.486 4.355 4.111 3.8 7 6.728 6472 6.230 6.002 5.7865.5825.389 5.206 5.033 4868 4.564 4.28 8 7.652 7.3257.020 6.733 6.463 6.210 5.971 5.7475.5355.335 4.968 4.63 9 8.5668.162778674357.108 6.802 6.515 6.2475.9955.759 5.328 4.9 10 9471 8.983 8.530 8.111 7.7227.360 7.024 6.7106.418 6.145 5.6505.21 6 6.152 6.308 6468 6.633 6.802 6.9757.1537.3367.523 7.7168.115 8.53 7 7.214 7.434 7.662 7.898 8.1428.3948.6548.9239.200 9,487 10.09 10.7 8 8.286 8.5838.829.214 9.5499.897 10.260 10.64 11.03 11.4412.30 13.2 9 9.369 9.755 10.16 10.58 11.03 11.4911.98124913.02 13.58 14.78 16.0 10 10.46 10.95 11.4 12.01 12.5813.1813.82 1449 15.19 15.94 17.55 19.3 11 10.368 9.787 9.2538.7608.30678877499 7.139 6.805 6.495 5.9385.45 12 11.255 10.5759.954 9.385 8.8638.3847.9437.535 7.1616.814 6.1945.66 13 12.134 11.348 10.635 9.986 9.394 8.853 8.358 7.9047.487 7.103 6.424 5.8 14 13.004 12.106 11.296 10.563 9.899 9.2958.745 8.244 7.786 7.367 6.628 6.0 15 13.865 12.849 11.938 11.11810.380 9.7129.108 B.559 8.061 7.605 6.8116.14 11 11.57 12.17 1281 13.49 14.2114.975.78 6.65 17.56 18.53 20.65 23.0 12 12.6B 13.41 14.1915.03 15.9216.87 17.89 18.98 20.14 21.38 24.13 27.2 13 13.81 14.68 15.62 16.63 17.71 18.88 20.1421.5022.9524.52 28.03 32.0 4 14.9515.97 17.0918.2919.6021.02 22.55 24.21 26.02 27.98 32.39 37.5 15 16.10 17.29 18.6020.02 21.58 23.2825.1327.15 29.3631.7737.2843.8 16 14.718 13.578 12.561 11.652 10.838 10.1069447B.851 8.3137.824 6.974 6.2 17 15.562 14.292 13.166 12.166 11 274 10.477 9.7639.1228.5448.022 7.120 6.37 18 16.398 14.992 13.754 12.65911.690 10.82810.059 9.372 8.756 8.201 7.250 6.4 19 | 17.226| 15.678| 14.324| 13.134 | 12.085 | 11.158 | 10.336| 9.604 | 8.950 | B365 | 7366 | 6.5 Print Done Checl Print Done