26-23 (similar to) 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.) 5 (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) 9 (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Assuming you can earn 8% on your funds, which option would you prefer? i Data Table The present value of the payout is: (Round your answe Dption #1: Option #1: $15,000,000 after five years Option #2: $2,050,000 per year for five years Option #3: $14,000,000 after three years Print Done 26-23 leimilor tal Rouection 0 Reference Congratula (Click (Click (Click Present Value of $1 Assuming 10% 0.909 0.826 0.751 0.683 0.621 The prese Option #1 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 0.990 | 0.980 | 0.971 | 0.962 | 0.952 0.943 0.935 | 0.926 0.917 0.980 0.961 0.943 0.925 0.907 0.890 0.873 0.857 0.842 0.971 0.942 0.915 0.889 0.864 0.840 0.816 0.794 0.772 0.961 0.924 0.888 0.855 0.823 0.792 0.763 0.735 0.708 0.951 0.906 0.863 0.822 0.784 0.747 0.713 0.681 0.650 0.942 0.888 0.837 0.790 0.746 0.705 0.6660.630 0.596 0.933 0.871 0.813 0.760 0.711 0.665 0.623 0.5830.547 0.923 0.853 0.789 0.731 0.677 0.627 0.582 0.540 0.502 0.914 0.837 0.766 0.703 0.645 0.592 0.544 0.500 0.460 0.905 0.820 0.744 0.676 0.614 0.558 0.508 0.463 0.422 0.896 0.804 0.722 0.650 0.585 0.527 0.475 0.429 | 0.388 0.887 0.788 0.701 0.625 0.557 0.497 0.444 0.397 0.356 0.879 0.773 0.681 0.601 0.530 0.469 0.415 0.368 0.326 0.870 0.758 0.661 0.577 0.505 0.442 0.388 0.340 1 0.299 0.861 0.743 0.642 0.555 0.481 0.417 0.362 0.315 0.275 0.853 0.7280.623 0.534 0.458 0.394 0.3390.292 0.252 17 0.844 0.714 0.605 0.513 0.436 0.371 0.317 | 0.270 0.231 0.836 0.700 0.587 0.494 0.416 0.350 0.296 0.250 0.212 0.828 0.686 0.570 0.475 0.396 0.331 0.277 0.232 0.194 20 | 0.820 0.673 0.554 0.456 0.377 | 0.3120.258 | 0.215 0.178 12% 14% 0.893 0.877 0.797 0.769 0.712 0.675 0.636 0.592 0.567 0.519 0.507 0.456 0.452 0.400 0.404 0.351 0.361 0.308 0.322 0.270 0.287 0.237 0.257 0.208 0.229 0.182 0.205 0.160 0.183 0.140 0.163 0.123 0.146 0.108 0.130 0.095 0.116 0.083 0.104 | 0.073 0.564 0.513 0.467 0.424 0.386 0.350 0.319 0.290 0.263 0.239 0.218 0.198 0.180 0.164 0.149 15% 16% 18% 20% 0.870 0.862 0.847 0.833 0.756 0.743 0.7180.694 0.658 0.641 0.609 0.579 0.572 0.552 0.516 0.482 0.497 0.476 0.437 0.402 0.432 0.410 0.370 0.335 0.376 | 0.354 0.314 0.279 0.327 0.305 0.266 0.233 0.284 0.263 0.225 0.194 0.247 0.227 0.191 0.215 0.195 0.162 0.135 0.187 0.168 0.137 0.112 0.163 | 0.145 0.116 0.093 0.141 0.125 0.099 0.078 0.123 0.108 0.084 0.065 0.107 0.093 0.071 0.054 0.093 0.080 | 0.060 0.045 0.081 0.069 0.051 0.038 0.070 0.060 0.043 0.031 0.061 0.051 0.037 0.026 0.162 nter any Print Print Done Done parts remaining 26-23 (simiertel Ayestion Help i Reference Congratulations! Yol (Click the icon (Click the icon (Click the icon Periods assuming you can 15% 1.150 1.323 1.521 1.749 2.011 The present value Option #1: 1% 2% 1.010 1.020 1.020 1.040 1.030 1.061 1.041 1.082 1.051 1.104 1.062 1.126 1.072 1.149 1.083 1.172 1.094 1.195 1.105 1.219 1.116 1.243 1.1271.268 1.138 1.294 1.149 1.319 1.161 1.346 1.173 | 1.373 1.184 1.400 1.196 1.428 1.208 1.457 1.220 1.486 3% 4% 1.030 1.040 1.061 1.082 1.093 1.125 1.126 1.170 1.159 1.217 1.194 1.265 1.2301.316 1.267 1.369 1.305 1.423 1.344 1.480 1.384 1.539 1.426 1.601 1.469 1.665 1.513 1.732 1.558 1.801 1.605 1.873 1.653 1.948 1.702 2.026 1.754 2.107 1.806 2.191 Future Value of $1 5% 6% 7% 8% 1.050 1.060 1.070 1.080 1.103 1.1241.145 1.166 1.158 1.191 1.225 1.260 1.216 1.262 1.311 1.360 1.276 1.338 1.403 1.469 1.340 1.419 1.501 1.587 1.407 1.504 1.606 1.714 1.4771.594 1.7181.851 1.551 1.689 1.838 1.999 1.629 1.791 1.967 2.159 1.710 1.898 2.105 2.332 1.796 2.012 2.252 2.518 1.886 2.133 1.980 2.261 2.579 2.937 2.079 2.397 2.759 3.172 2.183 2.540 2.952 3.426 2.292 2.693 3.159 3.700 2.407 2.854 3.380 3.996 2.527 3.026 3.617 4.316 2.653 3.207 3.870 4.661 9% 10% 1.090 1.100 1.1881.210 1.295 1.331 1.4121.464 1.539 1.611 1.677 1.772 1.828 1.949 1.993 2.144 2.172 2.358 2.367 2.594 2.580 2.853 2.813 3.138 3.066 3.452 3.342 3.798 3.642 4.177 3.970 4.595 4.328 5.054 4.717 5.560 5.142 6.116 5.604 6.727 12% 14% 1.120 1.140 1.254 1.300 1.405 1.482 1.574 1.689 1.762 1.925 1.974 2.195 2.211 2.502 2.476 2.773 3.252 3.106 3.707 3.479 | 4.226 3.896 4.818 4.363 5.492 4.8876.261 5.474 7.138 6.130 8.137 6.866 9.276 7.690 10.58 8.613 12.06 9.646 2.313 2.660 3.059 3.518 4.046 4.652 5.350 6.153 7.076 8.137 24102.720 9.358 10.76 12.38 14.23 16.37 20 nter any number i Print Done parts remaining swer FTMall value 01 VIUIllully MIMIUILY WIT 2.829 14.111 Periods | 1% | 2% | 3% | 4% | 5% | 6% | 7% | 8% | 9% | 10% | 12% | 14% | 15% | 16% | 18% | 20%, 10.990 | 0.980 | 0.971 | 0.962 | 0.952 | 0.943 | 0.935 | 0.926 | 0.917 10.909 | 0.893 | 0.877 | 0.870 | 0.862 | 0.847 | 0.833 1.970 | 1.942 | 1.913 | 1.886 | 1.859 | 1.833 | 1.808 | 1.783 | 1.759 | 1.736 | 1.690 | 1.647 | 1.626 | 1.605 | 1.566 | 1.528 2.941 12.884 2.775 2.723 2.673 2.624 | 2.577 2.531 2.487 2.402 2.322 | 2.283 2.246 2.174 2.106 3.902 3.808 3.717 3.630 3.546 3.465 3.387 3.312 3.240 3.170 3.037 2.914 12.855 2.798 2.690 2.589 4.853 4.713 4.580 4.452 4.329 4.212 4.100 3.993 3.890 3.791 3.605 3.433 13.352 | 3.274 | 3.127 2.991 5.795 5.601 5.417 5.242 5.076 4.917 4.767 4.623 4.486 4.355 3.889 3.784 3.685 3.498 3.326 6.728 6.472 6.230 6.002 5.786 5.582 5.389 5.206 15.033 14.868 14.564 4.288 4.160 4.039 3.812 3.605 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 8.566 8.162 7.786 17.435 7.108 6.802 6.515 | 6.247 5.995 5.759 5.328 4.946 4.772 14.607 14.303 4.031 9.471 8.983 88.530 8.111 7.722 7.360 7.024 6.710 6.418 6.145 5.650 15.216 15.019 4.833 4.494 4.192 10.368 | 19.787 9.253 8.760 18.306 17.887 17.499 7.139 6.805 6.495 5.938 15.453 | 5.234 5.029 14.656 14.327 11.255 110.575 19.954 9.385 18.863 8.384 7.943 7.536 7.161 6.814 16.194 15.660 15.421 5.197 4.793 4.439 12.134 111.348 10.635 9.986 19.394 8.358 7.904 7.487 7.103 6.424 5.842 5.583 5.342 14.910 4.533 13.004 | 12.106 | 11.296 | 10.563 | 9.899 9.295 18.745 8.244 7.786 7.367 6.628 6.002 5.724 5.468 5.008 4.611 13.865 | 12.849 | 11.938 | 11.118 | 10.380 | 9.712 | 9.108 8.559 8.061 7.606 16.811 6.142 15.847 5.575 5.092 4.675 14.718 | 13.578112.561111.652 110.838 | 10.106 19.447 8.851 8.313 7.824 6.974 6.265 5.954 5.669 5.162 4.730 15.562 | 14.292 | 13.166 | 12.166 | 11.274 | 10.477 19.763 9.122 8.544 8.022 7.120 6.373 6.047 5.749 5.222 4.775 16.398 | 14.992 | 13.7541 12.659 | 11.690 | 10.828 | 10.059 || 19.372 8.756 8.201 7.250 | 6.467 | 6.128 | 5.818 | 5.273 4.812 17.226 15.678 14.324 | 13.134 | 12.085 | 11.158 | 10.336 | 9.604 8.950 8.365 7.366 6.550 6.198 5.877 5.316 4.844 | 20 18.046| 16.351| 14.877 | 13.590 | 12.462 | 11.470 | 10.594 | 9.818 | 9.129 19.129 | 8.514 | 7.469 | 6.623 16.259 | 5.929 | 5.353 | 4.870 4567890HQ84662898 8.853 Print Done Periods 3% 1.000 2.030 3.091 4.184 5.309 Future Value of Ordinary Annuity of $1 4% 5% 6% 7% 8% 9% 1.000 1.000 1.000 1.000 1.000 1.000 2.040 2.050 2.060 2.070 2.080 2.090 3.122 3.153 3.184 3.215 3.246 3.278 4.246 4.310 4.375 4.440 4.506 4.573 5.416 5.526 5.637 5.751 5.867 5.985 10% 1.000 2.100 3.310 4.641 6.105 | 12% 1.000 2.120 3.374 4.779 6.353 14% 1.000 2.140 3.440 4.921 6.610 15% 1.000 2.150 3.473 4.993 6.742 1% 2% 1.000 1.000 2.010 2.020 3.030 3.060 4.0604.122 5.101 5.204 6.152 6.308 7.214 7.434 8.286 8.583 9.369 9.755 10.46 10.95 11.57 12.17 12.68 13.41 13.81 14.68 14.95 15.97 16.10 17.29 17.26 18.64 18.43 20.01 19.61 21.41 20.81 22.84 22.02 24.30 6.633 7.898 9.214 10.58 12.01 6.802 8.142 9.549 11.03 12.58 6.975 8.394 9.897 11.49 13.18 7.153 8.654 10.260 11.98 13.82 7.336 8.923 10.64 12.49 14.49 7.523 9.200 11.03 13.02 15.19 7.716 9.487 11.44 13.58 15.94 8.115 10.09 12.30 14.78 17.55 8.754 11.07 13.73 16.79 20.30 o co o ovo oo 6.468 7.662 8.892 10.16 11.46 12.81 14.19 15.62 17.09 18.60 13.49 15.03 16.63 18.29 20.02 14.97 16.87 18.88 21.02 23.28 15.78 17.89 20.14 22.55 16.65 18.98 21.50 24.21 27.15 17.56 20.14 22.95 26.02 29.36 18.53 21.38 24.52 27.98 31.77 24.35 29.00 34.35 40.50 47.58 8.536 10.73 13.23 16.09 19.34 23.04 27.27 32.09 37.58 43.84 50.98 59.12 68.39 78.97 91.02 14.21 15.92 17.71 19.60 21.58 23.66 25.84 28.13 30.54 33.07 25.13 20.65 24.13 28.03 32.39 37.28 42.75 48.88 55.75 63.44 72.05 35.95 20.16 21.76 23.41 25.12 26.87 21.82 23.70 25.65 27.67 29.78 25.67 28.21 30.91 33.76 36.79 27.89 30.84 34.00 37.38 41.00 30.32 33.75 37.45 41.45 45.76 33.00 36.97 41.30 46.02 51.16 40.54 45.60 51.16 57.28 55.72 65.08 75.84 88.21 102.4 Print Done 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 Future Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) 3 (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Assuming you can earn 8% 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