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9. -12 Pomo SAPCALCBR1 6.2.031. The winner of a lottery is awarded $6,000,000 to be...

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9. -12 Pomo SAPCALCBR1 6.2.031. The winner of a lottery is awarded $6,000,000 to be paid in annual installments of $300,000 for 20 years. Alternatively, the winner can accept a "cash value" one-time payment of $2,700,000. The winner estimates he can earn 8% annually on the winnings. What is the present value of the installment plan? (Round your answer to two decimal places.) $ Should he choose the one-time payment instead? O Yes, he should choose the one-time payment. O No, he should not choose the one-time payment. Additional Materials eBook 10. [-12 Points) DETAILS SAPCALCBR1 6.2.033. MY NOTES PRACTICE ANOTHER A charity receives donations from a family trust at the rate of f(t) = 18,000 + 7000 dollars per year for the next 15 years. If the charity invests the income at an annual rate of 5.7% (compounded continuously), what is the future value of the income? (Round your answer to two decimal places.) $ What is the present value? (Round your answer to two decimal places.) $ Additional Materials eBook

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