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Secure h Homework: CH12 Save Score: 1.6 of 4 pts 5 of 8 (5 complete HW Score: 44.22%, 13.27 of 30 pts Question 5, E12-25A
Secure h" Homework: CH12 Save Score: 1.6 of 4 pts 5 of 8 (5 complete HW Score: 44.22%, 13.27 of 30 pts Question 5, E12-25A (similar to) Question Help * Congratulations! You've won a state lotto! The state lottery offers you the following (after-tax) payout options: E (Click the icon to view the payout options.) (Click the i on to we the present value factor table Click the icon to view the present value annity factor table.) (Click the loon to view the future value factor table.) (Click the icon to view the tuture value annuity tactor table.) Assuming that you can earn 8% on your funds, which option would you prefer? (Round your answers to the nearest whole dollar.) present value for each payout. Calculate the Option #1: Option #2: Option 3: 8,190,000 9,939.450 7,717,500 $ $ The option you would you prefer is the one that has the highest present value. Therefore Option 2 would be the preferred payout option. This question is complete. Move your cursor aver or tap on the red arrows to see incorrect answers. All parts showing Similar Question 8:18 AM Type here to search 12/10/20177
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