You Just Won the Publisher's Clearing House Sweepstakes and the Right

question 73

Multiple Choice

You just won the Publisher's Clearing House Sweepstakes and the right to 20 after-tax ordinary annuity cash flows of $163,291.18.Assuming a discount rate of 7.50%,what is the present value of your lottery winnings? Use a calculator to determine your answer.

• A)$3,265,823.60
• B)$1,789,520.81
• C)$1,664,670.52
• D)There is not enough information to answer this question.

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