You and 11 coworkers just won $10 million ($833,333.33 each) from the state lottery. Assuming you each receive your share over 18 years and that the state lottery earns a 6 percent return on its funds, what is the present value of your prize before taxes if you request the 'up-front cash' option? Click on the table icon to view the annuity table The present value of your prize before taxes if you request the 'up-front cash' option is $ (Round your answer to the nearest dollar.) n 2% 8% 9% 1 1% 0.990 1.970 2 0.980 1.942 2.884 3.808 2.941 3.902 4 0 00 00 + WN 6 7 0.926 1.783 2.577 3.312 3.993 4.623 5.206 5.747 6.247 6.710 7.139 7.536 7.904 8 10 11 12 Present Value of an Annuity of $1 (PVIFA) 3% 4% 5% 6% 7% 0.971 0.962 0.952 0.943 0.935 1.913 1.886 1.859 1.833 1.808 2.829 2.775 2.723 2.673 2.624 3.717 3.630 3.546 3.465 3.387 4.580 4.452 4.329 4.212 4.100 5.417 5.242 5.076 4.917 4.767 6.230 6.002 5.786 5.582 5.389 7.020 6.733 6.463 6.210 5.971 7.786 7.435 7.108 6.802 6.515 8.530 8.111 7.722 7.360 7.024 9.253 8.760 8.306 7.887 7.499 9.954 9.385 8.863 8.384 7.943 10.635 9.986 9.394 8.853 8.358 11.296 10.563 9.899 9.295 8.745 11.938 11.118 10.380 9.712 9.108. 12.561 11.652 10.838 10.106 9.447 13.166 12.166 11.274 10.477 9.763 13.754 12.659 11.690 10.828 10.059 14.324 13.134 12.085 11.158 10.336 14.877 13.590 12.462 11.470 10.594 15.415 14.029 12. 21 764 10.836 15.937 14.451 13.163 12.042 11.061 16.444 14.857 13.489 12.303 11.272 0.917 1.759 2.531 3.240 3.890 4.486 5.033 5.535 5.995 6.418 6.805 7.161 7.487 7.786 8.061 8.313 8.544 8.756 4.853 5.795 6.728 7.652 8.566 9.471 10.368 11.255 12.134 13.004 13.865 14.718 15.562 16.398 17.226 18.046 18.857 19.660 20.456 4.713 5.601 6.472 7.325 8.162 8.983 9.787 10.575 11.348 12.106 12.849 13.578 14.292 14.992 15.678 16.351 17.01 17.658 18.292 13 10% 0.909 1.736 2.487 3.170 3.791 4.355 4.868 5.335 5.759 6.145 6.495 6.814 7.103 7.367 7.606 7.824 8.022 8.201 8.365 8.514 8.649 8.772 8.883 14 15 16 8.244 8.559 8.851 9.122 9.372 17 18 19 20 21 9.604 9.818 10.017 10.201 10.371 8.950 9.129 9.2 9.442 9.580 22 23 11.272 23 24 16.444 16.936 17.413 11.469 10.371 10.529 10.675 25 30 20.456 21.243 22.023 25.808 32.835 39.196 18.292 18.914 19.523 22.396 27.355 31.424 14.857 15.247 15.622 17.292 19.793 21.482 13.489 13.799 14.094 15.372 17.159 18.256 12.303 12.550 12.783 13.765 15.046 15.762 11.654 12.409 9.580 9.707 9.823 10.274 10.757 10.962 8.883 8.985 9.077 9.427 9.779 9.915 19.600 23.115 25.730 11.258 11.925 40 50 13.332 13.801 12.233
