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Question Completion Status: Close Window & Moving to another question will save this response LES...

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Question Completion Status: Close Window & Moving to another question will save this response LES Question 12 of 25 uestion 12 10 points Save Answer Congratulations! You are the proud winner of the multi-state Sour Ball Lottery. You are to receive $2,000,000 at the end of each year for the next 20 years. While the Lottery Commission refers to this as a you choose the "cash option" they will give you much less than that; you can receive a lump sum p Lottery Commission uses to determine the lump sum payoff is 3.1%, what is your p ayment today equal to the present value of the ordinary annuity instead of the 20 annual payments. If ayoff if you select the cash option? Round to two decimal places(Ex $00.00) Question 12 of 25 Moving to another question will save this response. Close Window esc 5 6 8 3

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