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S12-8 (similar to) (Click the icon to view the lottery payout options.) Rather than compare the payout options at their present values, compare the payout

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S12-8 (similar to) (Click the icon to view the lottery payout options.) Rather than compare the payout options at their present values, compare the payout options at their future value ten years from now Using a 6% interest rate, what is the future value of each payout option? Does computing the future value rather than the present value of the options change your preference of payout options? Explain. c. (Click the icon to view the future value factor table.) (Click the icon to view the future value annuity factor table) Click the icon to view the present value annuity factor table.) a. Using a 6% interest rate, what is the future value of each payout option? Data Table Compute the future value of each payout option. (Round your answers to the Option 1: $995,000 now Option 2: $151,000 at the end of each year for the next ten years Option 3: $1,500,000 ten years from now Enter any number in the edit fields and then click Check Answer Print Done 5 17 ! 3

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