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4) You just won the $62.5 million Ultimate Lotto jackpot. Your winnings will be paid as $2,500,000 per year for the next 25 years. If
4) You just won the $62.5 million Ultimate Lotto jackpot. Your winnings will be paid as $2,500,000 per year for the next 25 years. If the appropriate interest rate is 5.8 percent, what is the value of your windfall? A) $30,946,112.86 B) $32,574,855.64 C) $34,464,197.27 D) $33,660,684.16 E) $31,964,197.27
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