You Won the State Lottery and Took the Payout as a $1,823,475

question 65

Multiple Choice

You won the state lottery and took the payout as a $1,823,475 lump sum today.Your spouse has decided that you need to invest this money for the next 9 years and can expect it to earn an average annual rate of return of 8.00%.If this comes to pass,how much money will be in the account at the end of the period?

• A)$8,471,253
• B)$3,645,135
• C)$2,567,586
• D)$1,890,471

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