32.

You just won a contest! You will receive $50,000 a year for 30 years, starting today. If you can earn 10 percent on your investments, what are your winnings worth today?

A.	$150,000.00
B.	$333,333.33
C.	$436,510.50
D.	$450,000.00
E.	$518,480.30

33.

A local magazine is offering a $10,000 grand prize to one lucky winner. The prize will be paid in five annual payments of $2,000 each, starting one year after the drawing. How much would this prize be worth to you today if you can earn 8 percent on your money?

A.

$5,550.50

B.

$5,925.24

C.

$6,050.82

D.

$7,985.42

E.

$8,624.25