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You have just won the state lottery and have two choices for collecting your winnings. You can collect $109,000 today or receive $20,800 at the end of each year for the next seven years. A financial analyst has told you that you can earn 8 percent on your investments. Required: 1. Calculate the present value of both the options (FV of $1, PV of $1, FVA of $1, and PVA of $1 ) Note: Use appropriate factor(s) from the tables provided. 2. Which alternative should you select? Complete this question by entering your answers in the tabs below. Complete this question by entering Required 1 Calculate the present value of both the op Note: Round your answers to nearest who Complete this question by entering Which alternative should you selectGet Answers to Unlimited Questions
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