1. You just won the "NoLuck" lottery, and you selected the one lump sum option. You plan to use it for 25 years and make quarterly withdrawals of $50,000. The APR is 5 percent a year, compounded quarterly. Can you guess what the lump sum amount is? (a) $1,042,015 (b) $5,000,000 (c) $2,845,067 (d) $2,880,630