X Data Table Option #1: $13,000,000 after five years Option #2: $2,250,000 per year for five years Option #3: $10,000,000 after three years Present Value of $1 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 16% 18% 20% 1 0.990 0.980 0.971 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.893 0.877 0.870 0.862 0.847 0.833 0.797 2 0.980 0.961 0.943 0.925 0.907 0.890 0.873 0.857 0.842 0.826 0.769 0.756 0.743 0.718 0.694 0.971 0.942 0.915 0.889 0.864 0.840 0.816 0.794 0.772 0.751 0.712 0.675 0.658 0.641 0.609 0.579 4 0.961 0.924 0.888 0.855 0.823 0.792 0.763 0.735 0.708 0.683 0.636 0.592 0.572 0.552 0.516 0.482 0.497 5 0.951 0.906 0.863 0.822 0.784 0.747 0.713 0.681 0.650 0.621 0.567 0.519 0.476 0.437 0.402 6 0.942 0.888 0.837 0.790 0.746 0.705 0.666 0.630 0.596 0.564 0.507 0.456 0.432 0.410 0.370 0.335 7 0.933 0.871 0.813 0.760 0.711 0.665 0.623 0.583 0.547 0.513 0.452 0.400 0.376 0.354 0.314 0.279 0.582 8 0.923 0.853 0.789 0.731 0.677 0.627 0.540 0.502 0.467 0.404 0.351 0.327 0.305 0.266 0.233 0.914 0.544 0.284 0.837 0.766 0.703 0.645 0.592 0.500 0.460 0.424 0.361 0.308 0.263 0.225 0.194 10 0.905 0.820 0.744 0.676 0.614 0.558 0.508 0.463 0.422 0.386 0.322 0.270 0.247 0.227 0.191 0.162 0.135 11 0.896 0.804 0.722 0.650 0.585 0.527 0.475 0.429 0.388 0.350 0.287 0.237 0.215 0.195 0.162 0.788 0.557 12 0.887 0.701 0.625 0.497 0.444 0.397 0.356 0.319 0.257 0.208 0.187 0.168 0.137 0.112 13 0.879 0.773 0.681 0.601 0.530 0.469 0.415 0.368 0.326 0.290 0.229 0.182 0.163 0.145 0.116 0.093 14 0.870 0.758 0.661 0.577 0.505 0.442 0.388 0.340 0.299 0.263 0.205 0.160 0.141 0.125 0.099 0.078 15 0.861 0.743 0.642 0.555 0.481 0.417 0.362 0.315 0.275 0.239 0.183 0.140 0.123 0.108 0,084 0.065 16 0.853 0.728 0.623 0.534 0.458 0.394 0.339 0.292 0.252 0.218 0.163 0.123 0.107 0.093 0,071 0.054 17 0.844 0.714 0.605 0.513 0.436 0.371 0,317 0.270 0.231 0.198 0.146 0.108 0.093 0.080 0,060 0.045 18 0.836 0.700 0.587 0.494 0416 0.350 0.296 0.250 0.212 0.180 0.130 0,095 0.081 0.069 0,051 0.038 19 0.828 0.686 0.570 0.475 0.396 0.331 0.277 0.232 0.194 0.164 0.116 0,083 0.070 0.060 0.043 0.031 20 0.820 0.673 0.554 0.456 0.377 0.312 0.258 0.215 0.178 0.149 0.104 0.073 0.061 0.051 0.037 0.026 21 0.811 0.660 0.538 0.439 0.359 0.294 0.242 0.199 0.164 0.135 0.093 0.064 0.053 0.044 0,031 0.022 22 0.803 0.647 0.522 0.422 0.342 0.278 0.226 0.184 0.150 0.123 0.083 0,056 0.046 0.038 0.026 0.018 23 0.795 0.634 0.507 0.406 0.326 0.262 0.211 0.170 0.138 0.112 0.074 0.049 0.040 0.033 0.022 0.015 24 0.788 0.622 0.492 0.390 0.310 0.247 0.197 0.158 0.126 0.102 0.066 0.043 0,035 0.028 0.019 0.013 25 0.780 0.610 0.478 0.375 0.295 0.233 0.184 0.146 0.116 0.092 0,059 0.038 0.030 0.024 0.016 0.010 Future Value of $1 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 1 1.010 1.020 1.030 1.040 1.050 1.060 1.070 1.080 1.090 1.100 1.120 1.140 1.150 1.020 1.040 1.061 1.082 1.103 1.124 1.145 1.166 1.188 1.210 1.254 1.300 1.323 3 1,030 1.061 1.093 1.125 1.158 1.191 1.225 1.260 1.295 1.331 1.405 1.482 1.521 1,041 4 1.082 1.126 1.170 1.216 1.262 1.311 1.360 1.412 1.464 1.574 1.689 1.749 1,051 1.338 1.925 5 1.104 1.159 1.217 1.276 1,403 1.469 1.539 1.611 1.762 2.011 1,062 1.126 1.194 1.265 1.340 1.419 1.501 1.587 1.677 1.772 1.974 2.195 2,313 1.407 1,606 1.828 2.660 7 1,072 1.149 1.230 1,316 1.504 1.714 1.949 2.211 2.502 1.369 1.477 2.476 8 1.083 1.172 1.267 1.594 1.718 1.851 1.993 2.144 2.853 3.059 1.551 1.094 1.195 1.305 1,423 1.689 1.838 1.999 2.172 2.358 2,773 3.252 3.518 10 1,105 1.219 1.344 1.480 1.629 1.791 1.967 2.159 2.367 2.594 3.106 3.707 4,046 11 1.116 1.243 1.384 1.539 1,710 1.898 2.105 2,332 2.580 2.853 3.479 4.226 4,652 12 1.127 1.268 1.426 1.601 1,796 2.012 2.252 2.518 2.813 3.138 3.896 4.818 5.350 13 1.138 1.294 1.469 1.665 1.886 2.133 2.410 2.720 3.066 3.452 4.363 5.492 6.153 14 1,149 1.319 1.513 1.732 1.980 2.261 2.579 2.937 3.342 3.798 4.887 6.261 7.076 15 1.161 1.346 1.558 1.801 2.079 2,397 2.759 3.172 3.642 4.177 5.474 7.138 8.137 16 1.173 1.373 1.605 1.873 2.183 2.540 2.952 3.426 3.970 4,595 6.130 8.137 9.358 17 1,184 1.400 1.653 1.948 2.292 2.693 3.159 3.700 4.328 5.054 6.866 9.276 10.76 18 1.196 1.428 1.702 2.026 2.407 2.854 3.380 3.996 4.717 5.560 7.690 10.58 12.38 19 1.208 1.457 1.754 2.107 2.527 3.026 3.617 4.316 5.142 6.116 8.613 12.06 14.23 20 1.220 1.486 1.806 2.191 2.653 3.207 3.870 4,661 5.604 6.727 9.646 13.74 16.37 21 1.232 1.516 1.860 2.279 2.786 3.400 4.141 5.034 6.109 7.400 10.80 15.67 18.82 22 1.245 1.546 1.916 2.370 2.925 3.604 4.430 5.437 6.659 8.140 12.10 17.86 21.64 8.954 23 1.257 1.577 1.974 2.465 3.072 3.820 4.741 5.871 7.258 13.55 20.36 24.89 24 1,270 1,608 2.033 2.563 3.225 4.049 5.072 6.341 7,911 9.850 15.18 23.21 28.63 25 1.282 1.641 2.094 2.666 3.386 4,292 5,427 6.848 8.623 10.83 17.00 26.46 32.92 st LO Present Value of Ordinary Annuity of $1 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 16% 18% 20% 0.990 0.980 0.971 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.893 0.877 0.870 0.862 0.847 0.833 1,736 2 1.970 1.942 1.913 1.886 1.859 1.833 1.808 1,783 1.759 1.690 1.647 1,626 1.605 1.566 1.528 2,775 2.531 2.402 2.283 2.106 3 2.941 2.884 2.829 2.723 2.673 2,624 2.577 2.487 2.322 2.246 2.174 4 3.902 3.808 3.717 3.630 3.546 3.465 3.387 3.312 3.240 3.170 3.037 2.914 2.855 2.798 2.690 2,589 5 4.853 4,713 4.580 4.452 4.329 4.212 4.100 3.993 3.890 3.791 3.605 3.433 3.352 3.274 3.127 2.991 5.417 4.355 5.795 5.601 5.242 5.076 4.917 4,767 4,623 4.486 4.111 3.889 3.784 3.685 3.498 3.326 7 6.728 6.472 6.230 6.002 5.786 5.582 5.389 5.206 5.033 4.868 4.564 4.288 4.160 4,039 3.812 3.605 8 7,652 7.325 7.020 6.733 6.463 6.210 5.971 5.747 5.535 5.335 4.968 4.639 4.487 4,344 4.078 3.837 C 8.566 8.162 7.786 7.435 7.108 6.802 6.515 6.247 5.995 5.759 5.328 4,946 4,772 4.607 4.303 4.031 10 9.471 8.983 8.530 8.111 7.722 7.360 7,024 6.710 6.418 6.145 5.650 5.216 5.019 4.833 4.494 4,192 11 10.368 9.787 9.253 8.760 8.306 7.887 7.499 7.139 6.805 6.495 5.938 5.453 5.234 5.029 4.656 4.327 12 11.255 10.575 9.954 9.385 8.863 8.384 7.943 7.536 7.161 6.814 6.194 5.660 5.421 5.197 4.793 4.439 11.348 10.635 13 12.134 9.986 9.394 8.853 8.358 7,904 7.487 7,103 6.424 5.842 5.583 5.342 4.910 4.533 14 13.004 12.106 11.296 10.563 9.899 9.295 8.745 8.244 7.786 7.367 6.628 6.002 5.724 5.468 5.008 4.611 13.865 12.849 11.938 15 11.118 10.380 9.712 9.108 8.559 8.061 7,606 6.811 6.142 5.847 5.575 5.092 4,675 14,718 12,561 11.652 10.838 16 13.578 10.106 9.447 8.851 8.313 7.824 6.974 6.265 5.954 5.669 5.162 4.730 15.562 14.292 13.166 16.398 14.992 17 12.166 11.274 10.477 9.763 9.122 8.544 8.022 7.120 6.373 6.047 5.749 5.222 4.775 12,659 11,690 10.828 18 13.754 10,059 9.372 8.756 8.201 7,250 6.467 6.128 5.818 5.273 4,812 13.134 12.085 14.324 14,877 11.158 19 17.226 15.678 10.336 9.604 8.950 8.365 7.366 6.550 6.198 5.877 5.316 4,844 18.046 16.351 20 13.590 12.462 11.470 10.594 9.818 9.129 8.514 7.469 6.623 6.259 5.929 5.353 4.870 18,857 10.836 21 17.011 15.415 14.029 12.821 11.764 10.017 9.292 8.649 7.562 6.687 6.312 5.973 5.384 4.891 15.937 12.042 11.061 22 19.660 17.658 14.451 13.163 10.201 9.442 8.772 7.645 6.743 6.359 6.011 5.410 4.909 23 20.456 18.292 16.444 14.857 13.489 12.303 11.272 12.550 11.469 12.783 11.654 10.371 9.580 8.883 7,718 6.792 6.399 6.044 5.432 4,925 21.243 18.914 16.936 15.247 8.985 4,937 24 13.799 10.529 9.707 7,784 6.835 6,434 6.073 5.451 15.622 14.094 19.523 17.413 22,023 9.823 25 10.675 9,077 7.843 6.873 6.464 6.097 5.467 4.948 Present Value of Ordinary Annuity of $1 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 16% 18% 20% 0.990 0.980 0.971 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.893 0.877 0.870 0.862 0.847 0.833 1,736 2 1.970 1.942 1.913 1.886 1.859 1.833 1.808 1,783 1.759 1.690 1.647 1,626 1.605 1.566 1.528 2,775 2.531 2.402 2.283 2.106 3 2.941 2.884 2.829 2.723 2.673 2,624 2.577 2.487 2.322 2.246 2.174 4 3.902 3.808 3.717 3.630 3.546 3.465 3.387 3.312 3.240 3.170 3.037 2.914 2.855 2.798 2.690 2,589 5 4.853 4,713 4.580 4.452 4.329 4.212 4.100 3.993 3.890 3.791 3.605 3.433 3.352 3.274 3.127 2.991 5.417 4.355 5.795 5.601 5.242 5.076 4.917 4,767 4,623 4.486 4.111 3.889 3.784 3.685 3.498 3.326 7 6.728 6.472 6.230 6.002 5.786 5.582 5.389 5.206 5.033 4.868 4.564 4.288 4.160 4,039 3.812 3.605 8 7,652 7.325 7.020 6.733 6.463 6.210 5.971 5.747 5.535 5.335 4.968 4.639 4.487 4,344 4.078 3.837 C 8.566 8.162 7.786 7.435 7.108 6.802 6.515 6.247 5.995 5.759 5.328 4,946 4,772 4.607 4.303 4.031 10 9.471 8.983 8.530 8.111 7.722 7.360 7,024 6.710 6.418 6.145 5.650 5.216 5.019 4.833 4.494 4,192 11 10.368 9.787 9.253 8.760 8.306 7.887 7.499 7.139 6.805 6.495 5.938 5.453 5.234 5.029 4.656 4.327 12 11.255 10.575 9.954 9.385 8.863 8.384 7.943 7.536 7.161 6.814 6.194 5.660 5.421 5.197 4.793 4.439 11.348 10.635 13 12.134 9.986 9.394 8.853 8.358 7,904 7.487 7,103 6.424 5.842 5.583 5.342 4.910 4.533 14 13.004 12.106 11.296 10.563 9.899 9.295 8.745 8.244 7.786 7.367 6.628 6.002 5.724 5.468 5.008 4.611 13.865 12.849 11.938 15 11.118 10.380 9.712 9.108 8.559 8.061 7,606 6.811 6.142 5.847 5.575 5.092 4,675 14,718 12,561 11.652 10.838 16 13.578 10.106 9.447 8.851 8.313 7.824 6.974 6.265 5.954 5.669 5.162 4.730 15.562 14.292 13.166 16.398 14.992 17 12.166 11.274 10.477 9.763 9.122 8.544 8.022 7.120 6.373 6.047 5.749 5.222 4.775 12,659 11,690 10.828 18 13.754 10,059 9.372 8.756 8.201 7,250 6.467 6.128 5.818 5.273 4,812 13.134 12.085 14.324 14,877 11.158 19 17.226 15.678 10.336 9.604 8.950 8.365 7.366 6.550 6.198 5.877 5.316 4,844 18.046 16.351 20 13.590 12.462 11.470 10.594 9.818 9.129 8.514 7.469 6.623 6.259 5.929 5.353 4.870 18,857 10.836 21 17.011 15.415 14.029 12.821 11.764 10.017 9.292 8.649 7.562 6.687 6.312 5.973 5.384 4.891 15.937 12.042 11.061 22 19.660 17.658 14.451 13.163 10.201 9.442 8.772 7.645 6.743 6.359 6.011 5.410 4.909 23 20.456 18.292 16.444 14.857 13.489 12.303 11.272 12.550 11.469 12.783 11.654 10.371 9.580 8.883 7,718 6.792 6.399 6.044 5.432 4,925 21.243 18.914 16.936 15.247 8.985 4,937 24 13.799 10.529 9.707 7,784 6.835 6,434 6.073 5.451 15.622 14.094 19.523 17.413 22,023 9.823 25 10.675 9,077 7.843 6.873 6.464 6.097 5.467 4.948 Future Value of Ordinary Annuity of $1 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 1 1.000 1.000 1.000 1.000 1,000 1.000 1.000 1.000 1.000 1.000 1,000 1.000 1.000 2.010 2.020 2.030 2.040 2.050 2.060 2.070 2.080 2.090 2.100 2.120 2.140 2.150 3.030 3.060 3.091 3.122 3.153 3.184 3.215 3.246 3.278 3.310 3.374 3.440 3.473 4 4,060 4.122 4.184 4.246 4.310 4,375 4.440 4.506 4.573 4.641 4,779 4.921 4.993 5.101 5.204 5.309 5.416 5.526 5.637 5.751 5.867 5.985 6.105 6.353 6.610 6.742 6.152 6.308 6.468 6.633 6.802 6.975 7.153 7.336 7,523 7,716 8.115 8.536 8.754 7 7.214 7.434 7,662 7,898 8.142 8.394 8.654 8.923 9.200 9.487 10.09 10.73 11.07 8.286 8.583 8.892 9.214 9.549 9.897 10.260 10.64 11.03 11.44 12.30 13.23 13.73 9.369 9.755 10.16 10.58 11.03 11.49 11.98 12.49 13.02 13.58 14.78 16.09 16.79 10 10.46 10.95 11.46 12.01 12.58 13.18 13.82 14.49 15.19 15.94 17.55 19.34 20.30 11 11.57 12.17 12.81 13.49 14.21 14.97 15.78 16.65 17.56 18.53 20.65 23.04 24.35 15.92 12 12,68 13.41 14.19 15.03 16.87 17.89 18.98 20.14 21.38 24.13 27.27 29.00 13.81 28.03 13 14.68 15.62 16.63 17.71 18.88 20.14 21.50 22.95 24.52 32.09 34.35 14.95 17.09 14 15.97 18.29 19.60 21.02 22.55 24.21 26.02 27.98 32.39 37.58 40.50 15 16.10 17.29 18.60 20,02 21,58 23.28 25.13 27.15 29.36 31.77 37,28 43.84 47,58 20.16 16 17.26 18.64 21.82 23.66 25.67 27.89 30.32 33.00 35.95 42,75 50.98 55.72 48.88 17 18.43 20.01 21.76 23.70 25.84 28.21 30.84 33.75 36,97 40,54 59.12 65,08 18 19,61 21.41 23.41 25.65 28.13 30.91 34.00 37.45 41.30 45,60 55.75 68.39 75.84 19 20.81 22,84 25.12 27,67 30,54 33.76 37.38 41.45 46.02 51.16 63.44 78,97 88.21 20 22,02 24.30 26.87 29.78 33,07 36.79 41.00 45,76 51.16 57.28 72.05 91.02 102.4 21 23.24 25.78 28.68 31.97 35.72 39.99 44,87 50.42 56.76 64,00 81.70 104.8 118.8 22 24.47 27.30 30.54 34.25 38.51 43.39 49,01 55.46 62.87 71.40 92,50 120.4 137.6 23 25.72 28.85 32.45 36.62 41.43 47.00 53.44 60.89 69.53 79.54 104.6 138.3 159.3 24 26.97 30.42 34.43 39.08 44,50 50.82 58.18 66.76 76.79 88.50 118.2 158.7 184.2 25 28.24 32.03 36.46 41.65 47.73 54.86 63.25 73.11 84.70 98.35 133.3 181.9 212.8 N 2 Congratulations! You have won a state lottery. The state lottery offers you the following (after-tax) payout options: |(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.) EClick the icon to view Future Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value 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