what did i calculate wrong? Alex meir recently won a lottery and has the option of receiving one of the following three prizes: *information given below.

(1) assuming an interest rate of 6% determine the present value for the above options which option should Alex choose?

(2)The Weimer Corporation wants to accumulate a summer of money to repay certain that's due on December 31, 2030. Weimer Will make annual deposits of $125,000 into a special bank account at the end of each of 10 years beginning December 31 of 2021 assuming that the bank account pays 7% interest compounded annually what will be the fund balance after the last payment is made on December 31, 2030?

Answer each of the following independent questions. Alex Meir recently won a lottery and has the option of receiving one of the following three prizes: (1) $68,000 cash immediately. (2) $23,000 cash immediately and a six-period annuity of $7.900 beginning one year from today, or (3) a six- period annuity of $13,700 beginning one year from today (FV of Si PV of $1. FVA of $1. PVA of $1. FVAD of $i and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 1. Assuming an interest rate of 6%, determine the present value for the above options. Which option should Alex choose? 2. The Weimer Corporation wants to accumulate a sum of money to repay certain debts due on December 31, 2030 Weime will make annual deposits of $125,000 into a special bank account at the end of each of 10 years beginning December 31, 2021. Assuming that the bank account pays 7% interest compounded annually, what will be the fund balance after the last payment is made on December 31, 20302 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assuming an interest rate of 6%, determine the present value for the above options. Which option should Alex choose? (Round your final answers to nearest whole dollar amount) Annuity Immediato PV Annuity PV Option Payment 68,000 Option 1 68,000 Cash S Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assuming an interest rate of 6%, determine the present value for the above options. Which option should Alex choose? (Round your final answers to nearest whole dollar amount.) Annuity Immediate Payment PV Annuity Cash PV Option Option 1 $ 68,000 S 68,000 Option 2 $ 13,700 61.847 s 61,847 Option 3 $ 125,000 $ 67,367 $ 67,367 Which option should Alex Option 3 choose? + + + Required 1 Required 2 The Weimer Corporation wants to accumulate a sum of money to repay certain debts due on December 31, 2030. Weimer will make annual deposits of $125,000 into a special bank account at the end of each of 10 years beginning December 31, 2021. Assuming that the bank account pays 7% interest compounded annually, what will be the fund balance after the last payment is made on December 31, 2030? (Round your final answers to nearest whole dollar amount.) Show less FVA of $1 Table or calculator function Payment $ 125,000 10 7% = Future value $ 1,810,825 % TABLE 3 Future Value of an ordinary Annuity of 51 (1+-1 FVA 10 594 30 5.596 6.09 7.09 3004 10000 11.04 10000 3.3 10000 20150 1062 1 10000 20100 330301 60604 3 51010 10000 2.04 3544 10000 10000 10000 20300 20350 0300 3.0604 3.0756 0909 41216 41525 41536 5.2040 53563 53091 2015 1.0453 404 10000 20100 3.1210 42465 5:4163 10000 20450 3.1370 12.04 to 21000 10000 2.0500 3.153 43101 5.5356 10000 20550 31680 43423 55811 10000 20500 31816 43746 5.6971 10000 20700 2109 3.0 10000 20000 3.3464 406 5366 9.09 10000 20900 37711 45731 59567 10.04 10000 2.1009 3100 46610 61051 21100 1341 16100 40900 67 51533 5.3625 5.4707 44199 5.7507 47097 6327 6323 74110 7.7156 2009 USE 10. 61520 1956.3651 63177 6.4684 6.5802 66330 73230 14543 75474 70635 7.7794 23983 3 SKO 37361 38923 9,0517" 92142 9 365 9.9545 10.1591 10.3655 10.50 10 104672107027 10 7 11 2014 11 4639117314 12.0061 6.7109 30192 93800 108021 6.8019 68551 8.1420 82609 95491 97210 11.0366 112563 12.5779 123754 6.9753 33930 9.8975 11913 13.1306 7.1533 8650 102595 11 9780 13 164 7.3359 39228 106366 12.4576 9.2004 11025 13.0210 15.1999 1.2.9159 16.01 79120 97833 11 594 14.160 16.7230 9.4172 11-359 135793 15.9374 302 942751 17.50 20.045 145835 16:3856 187868 195614 227132 11.5665 11.8633 12.1687 12.4835 12.8078 13.1420 13.4564 13.8412 14.3068 112.65130412 14121137956 14 1920 146020150358 354680 159171 113.3093 14.168 146503 15.144 156178 16.1130 106263 17.1599 12.7130 14 149474154504 159739 16:5190 170865 176770 152919 15931 19.5986 151609616.61 17.2934 179319 18.5989 19.2957 200236 20.7541 21.576 13.104 1905 14.9716 16 10 18.01 210151 28 2760 15.7136 17385 201406 225505 25. 1290 16.6455 17.560 11.5312 119771 201407213543 21495339534 345227 242149 26.0192 27.9750 27.1521 317725 341331 20291 48. 26 2116 30 09:45 34:4054 59.1999 224087 37.229 27.01 199 37.4421 45001 16 17.2578 179334 18.638319.3803 20.1509 30.9710 21.2345 22.7193 23.6575 174304 19.2016 20 0121 20.047 217616 22.7050 2360734117 258404 15 19.0147 2048 21412322380323414 297 356454 26.5551 201324 19205105 296 228408940 21:00 261572 276712 29.0636 300 202201902912374397435 547 36.3704232797 29.7781 313714 33.000 246411 25.6735 269964 26212 309057 321027 397600 43683 36.75 30.1345 33.0054 33700 369737 37.4502 41011 41463 160135 457620 11001 30.5402 339990 37 3790 10.9955 35.997 105447 55992 51 1591 573750 1.753 41 55.257 105300 133.110 15400 56.9093 66203 2127392 44705 25.7833 27.163 25.676530.3695 31.9692 2.781 35.7193 37.7861 39.991 44650 30.4329 6.7645 64.0015 731051 S6987 0256 304.7149375387 40.56014390747.575451697560849 61 0011 664385 72.4355 29,058 96.4508 1132513630751644940 1990203412178116 40654367 0.462067403675.40135503950755 1010303 120,79981366056154.76301998551 1590565336 33700911H). TABLE 3 Future Value of an ordinary Annuity of $1 (1+1-1 FVA NU ST 401 50 5.596 7.09 3.34 10000 10.09 120 300 100 00001 10000 2015 3.0453 2.0 3.046 1.0000 1.0000 10000 2030020250 20100 30604 3.07560909 4.1210 41525 41530 52000 52563 53091 10000 4596 10000 20450 3.1370 10000 20500 20150 31062 10000 21000 10000 20100 3.1216 43465 5,4163 10000 20550 31680 43423 60 10000 20500 3.1836 43746 5.6971 21000 30301 4 4 551010 3.04 10000 2010 33464 45051 5866 SISTE 11.04 10000 2110 33432 47097 63220 10000 2.000 3.7711 45731 59847 3.3100 16100 20700 32149 4.4199 5.7507 POSO 6060 ORNES 5 EESES 4310) 5.5256 5.3635 5.4707 46410 61051 55811 6 7410 . C CHE 0193 10. . 61530 1956.3051 63177 6.4634 6.5802 66330 72135 7:3230 75414 76695 77794 73983 150 3.7361 9,051792142 9 9.36 5.5599 9.7546 9.9545 10.1591 10.1685 105828 10104622 10 7007710.9492112034 11 4639117314 12.0061 6.7169 80192 9.3800 10.8021 6.5019 6.85 8.1430 32660 95491 97216 11.0206 112503 125179 128754 6.9953 53935 98975 114913 13.10 7.1533 7.3359 39226 102593106360 11 970 12.4576 75233 7.7156 9.2004 94172 11025 11-359 130210 11579 15.9374 79120 97833 11.1594 14.160 16.7230 129359 10 30 147757 17:50 14 259551 1 195614 22.10 13.1504 19.30 1115668 11.3633 12.1687 12.4835 12.8078 13.1420 13.4564 13.812 14.3068 14.5835 14.9716 1212635130417 13.4121 13.7956 14 1920 14.6020 150058 154640159171 163856 16.30 113.8093 142.161 146003 15.1404 156178 16.1130 16:6268 171599 17.7130 182808 188331 14 14944 154504 159739 165190170863 17.8770 152919 15921 195986 202926 2120151 15 160969 166001 11.2954 17.9319 115989 19.2957 200236 207541 21.576 324037 312700 15.7316 17 885 201406 22550 251290 16.6455 17.500 IS8312 19771 201407213343 214953 2954 202149.0192 27.9750 27.1521 117735 2005 24111 210291 22.1930 26 2110 30094 41054 59.1959 SELE 199 ! 574421 16 17:2578 179334 18.6393 19,33 20.1500 20.9710 21.2345 22.7193 23.6575 17184304 19.2014 200121 20.1047 217616 22.7050 2309734117 258404 15 19.0147 2048 214123223863 414 249 256454 36.6551 201324 19 2010 219 2240 239460 21.00 16572 776712 290616 30 5390 2020190911237242994355417 368704 2.2797 29.7781 31.3734 33.660 45003 27.5581 30 5402 339990 246411 25.6725 26996428219 294312 309057 32.1027 33.7600 36.750 ISVSE 303343 33.0054 35.1497 33 7500 369737 40547 37.4502 41.3013 55992 41,41694801 45-7620511601 57750 103500 13.116 371190 10.9955 5690 56013 89 72053 21233393344705 25.7833 27.1033 25.676530.3605 31.602 33.7831 35.7193 37.1961 199921 44850 50.4229 56.7645 64.0035 733651 SE6937 2350956 3034714937533740.5601439037 47.5754516927560549 61 0011 664333 724355 79,00 94.4508 113131353093161450 19900003486 4043664 5426760.4000674036 754013545501 95.0255 1010303 1207998136.0056 154.7690 1996551 3590565536 SI 2014 ABLE Pent Value of an ordinary Annuity of $1 1- 1 VA 10 2.09 2.55 3.04 35 404 4544 Sue's 5544 6.09 S05 1:59 098533 1958 7095 093453 816 097561 092010 1970 2009 169560 0.97087 191147 CEEDED COD2160 MES ET 4150 CH 96631 6 COBO 00011 096154 1.36609 200164 3.77500 3670 0.95238 187367 1.65941 2496272125 3.58753334595 100 11.04 11.09 20.04 092593 17:26 175911171554 11 0 1 2.57710 2531914671.01 116 121972 16731051032573 3.99771179073.000 7.0047200 3 0944187 094340 1843 13339 269793267101 350515346511 427021421236 25602 . CLOSE 3 471146 3.71710 457971 1721 410030 5 41364 46453 SOSI . 5.6079 3.60145 PINES ) RESTS OLLES RO 0813 5.41719 621091 717014 701900 297087778611 75200 732540 1624 ES 53755 611454 7396 700709 31661 600305 673774 6594 7368 3.07509 4.99553491933 4.76054 5.767 368973582183199 6421 633457620979 597130 7.10712 6.00169 651523 7.72173 733761 7.16009 702350 467335448992436536 433054 4.11141133553 530637 503395 404 4713300304 57464 554 53509) 5.1461267111718 6240195.99335 575025537050010 671001041766614457 513 4173 10 67130922711 COST 11090 OGO 791272 788887 7.49367 7.96309 11 18.673 16.07.11 75685 951431 2.35363 9.001 76048 57302 041 300354 11100100110.5954 10.25776 90333 938507 9.11858 0335 361352 112.133 13407 1090019 1065490 10.30274 991565 9825599157 911708 11100101112101751169001 1129607 1092052 1656712 1032233 9.60 151116305 13 43 174926 12301311337941151741 111119 10.73955 10.79 1803755 I ESTE SOLSCE MESSE POEG 7.136.00 6.40 6.1068 439706 7.5560 71607) 8.136.616 1915 191 7907 740090710336 6497 SAUSS45130 2014 7.78655 50667 101 5595 06069 76000 710010066754 1457 9.10791 97133 LES - 1 14.717 14.13136 13.87771 13.08500 12.56110 1100412 11.65250 11.25402 10.89777 1046216 10.10580 9.44065 17 15 05 065 10187 13.71230 13 16013 12.051321210567 1170719 1107 1086461 10.47738 9.78123 11 16 15.67756 19930314353 11.753511311951 1265930121599911099 1134607 1012700 10.05909 1200 16001715678 149 14.30 13.70956131399 12.593291208533116070511158121033560 101455173166 1635141551856 14T141 1421340 1350 1X00791 1246221 1195038 114000210SH01 1962 13125673 77910497309 4.72956 922164 54503103155 754879116371 2.17189 75561120147.70167 307 41019 960300 9501136937319 7365785430 98151323655 151356633374044 LOS 21.50 17.0014 17.01121161545 15.4152 14.67797 14.02916 13.40472 12:521151227534 11.7645 10.5555 19.01680 9.29234 3.645 757 75690015 252200016 30 71961 1960 1741115164015115.67308 14 2 14.09194194199 12.7833611653501067476 93132077047141165 10550 340158456 3093029 1930H 12.192051779303 1698819 1337345 1653375 13.76453 12.094 1125778 107738 41183 OST 1974 2299137195 102732111477 22.35507 19.79277 1840158 17.10 16.04612 1504630 D30317 19261 10.3738 790 5105 106