You Just Won the Lottery! as Your Prize You Will

question 8

Multiple Choice

You just won the lottery! As your prize you will receive $1,500 a month for 150 months.If you can earn 7 percent,compounded monthly,on your money,what is this prize worth to you today?

• A)$137,003.69
• B)$149,676.91
• C)$137,962.77
• D)$148,104.26
• E)$150,723.76