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# Data Table X Present Value of Annuity of \$1 Periods 1% 6% 8% 10% 12% 5 4.452 4.212 3.993 3.791 3.605 5.242 4.917 4.623 4.111 6.002 5.582 5.206 4.564...

You win the lottery and must decide how to take the payout. Use a 6​% discount rate. What is the present value of \$15,000 a year received at the end of each of the next eight ​years?

A.

\$93,150

B.

\$63,945

C.

\$9,405

D.

\$ 120,000

Data Table
X
Present Value of Annuity of \$1
Periods
1%
6%
8%
10%
12%
5
4.452
4.212
3.993
3.791
3.605
5.242
4.917
4.623
4.35!
4.111
6.002
5.582
5.206
4.86
4.564
6.733
6.210
5.747
5.335
4.968
7.435
6.802
6.24
5.759
5.328
10
8.111
7.360
6.710
6.145
5.650
Print
Done
i
Data Table
- X
Present Value of \$1
Periods
1%
6%
8%
10%
12%
0.822
0.747
0.681
0.621
0.567
LO
0.790
0.705
0.63
0.564
0.507
0.760
0.665
0.583
0.51:
0.452
co
0.73
0.627
0.540
0.467
0.404
0.703
0.592
0.500
0.424
0.361
10
0.676
0.558
0.463
0.386
0.322
Print
Done

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