Homework: 2-3 MyFinanceLab: Assignment: Module Two Homework Save Score: 0 of 5 pts 4 of 10 (1 complete) HW Score: 0%, 0 of 50 pts Problem P3-9 (similar to) Question Help You and 11 coworkers just won $9 million ($750,000.00 each) from the state lottery. Assuming you each receive your share over 16 years and that the state lottery earns a 6 percent return on its funds, what is the present value of your prize before taxes if you request the 'up-front cash' option? Click on the table icon to view the annuity table X The present value of your prize before taxes if you request the 'up-front cash' option is $. (Round your answer to the nearest dollar.) Data Table 0.952 0.926 n 1 2 3 4 5 6 1 7.652 5.971 5.535 7.435 6.802 5.995 Present Value of an Annuity of $1 (PVIFA) 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 0.990 0.980 0.971 0.962 0.943 0.935 0.917 0.909 1.970 1.942 1.913 1.886 1.859 1.833 1.808 1.783 1.759 2.941 1.736 2.884 2.829 2.775 2.723 2.673 2.624 2.577 2.5311 2.487 3.902 3.808 3.7171 3.630 3.546 3.465) 3.387 3.3121 3.240 3.170 4.853 4.712 4.580 4.452 4.329 4.2121 4.100 3.993 3.890 3.791 5.795 5.601 5.417 5.242 5.076 4.917 4.767 4.623 4.486 4.355 6.728 6.472 6.230 6.002 5.786 5.5821 5.389) 5.206 5.033 4.868 7.325 7.020 6.733 6.463 6.210 5.747 8.566 5.335 8. 162 7.786 7.108 6.515 6.247 9.471 8.983 5.759 8.530 8.111 7.722 7.360 7.024 6.710 6.418 10.368 6.145 9.787 9.253 8.760 8.306 7.887 7.499 7.139 6.805 11.255 10.575 6.495 9.954 9.385 8.863 8.384 7.9431 7.536 7.161 12.134 11.348 6.814 10.6351 9.986 9.394 8.853 8.358 7.904) 7.487 7.103 13.004 12.106 10.563 9.899 9.295 8.745 8.244 7.786 13.865 12.849 7.367 11.938 11.118 10.380 9.712 9.108 8.559 8.061 7.606 14.718 13.578 12.561 11.652 10.838 10.106 9.4471 8.851 8.313 15.562 14.292 7.824 13.166 12.166 11.274 10.477 9.763 9.122 8.544 16.398 14.992 13.754 8.022 12.659 11.690 10.828 10.059) 9.372 8.756 17.226 15.678 8.201 14.324 13.134 12.085 11.158 10.336 9.604 8.950 18.046 8.365 16.351 14.877 13.590 12.462 11.470 10.594 9.129 8.514 18.857 17.011 15.415 11.764 10.836 19.660 10.017 9.2921 17.658 15.937 8.649 14.451 13.166 11.061 10.201 9.442 20.456 18.292 8.772 16.444 14.857 13.489 12.303 11.272 10.371 9.580 8.883 21.243 18.914 16.936 15.247 13.799 12.550 11.469 10.529 9.707 8.985 22.023 19.523 17.413 15.622 14.094 12.783 11.654 10.675 9.823 25.808 9.077 22.396 19.600) 17.292 15.372 13.765 12.409 11.258 10.274 9.427 32.835 27.355 23.115 19.793 17.159 15.046 13.332 11.925 10.757 9.779 39. 196 31.424 25.730 21.482 18.256 15.762 13.801 12.233 10.962 9.915 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 30 40 50 11.296 9.818 14.029 12.821 12.042 Print Done