You win the lottery and must decide how to take the payout. Use a 12% discount rate. What is the present value of $13,000 a year received at the end of each of the next ten years? Present Value of $1 Periods 4% 6% 8% 10% 12% 5 0.822 0.747 0.681 0.621 0.567 6 0.790 0.705 0.630 0.564 0.507 7 0.760 0.665 0.583 0.513 0,452 8 0.731 0.627 0.540 0.467 0.404 9 0.703 0.592 0.500 0.424 0.361 10 0.676 0.558 0.463 0.386 0.322 Present Value of Annuity of $1 OA $4,186 OB. $88.582 OC $73,450 OD. $130,000 0.100 0.000 8.563 0.513 U.452 8 0.731 0.627 0.540 0.467 0.404 9 0.703 0.592 0.500 0.424 0.361 10 0.676 0.558 0.463 0.386 0.322 Present Value of Annuity of $1 Periods 4% 6% 8% 10% 12% 4.452 4212 3.993 3.791 3.605 8 6949 5242 4917 4.623 4.355 4.111 6002 5562 5.206 4.868 4.564 6.733 6.210 5747 5.335 4.968 9 7.435 6802 6247 5.759 5.328 10 8.111 7360 6.710 6.145 5.650 OA: $4,186 OB $58.582 OC. $73.450 On $130.000 J 0 D R G Y I P 0 K P - C V B N