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Congratulations! You are the proud winner of the multi - state Sour Ball Lottery. You are to receive $ 2 , 0 0 0 ,
Congratulations! You are the proud winner of the multistate Sour Ball Lottery. You are to receive $ at the end of each year for the next years. While the Lottery Commission refers to this as a $ jackpot, if you choose the "cash option" they will give you much less than that; you can receive a lump sum payment today equal to the present value of the ordinary annuity instead of the annual payments. If the discount rate that the Lottery Commission uses to determine the lump sum payoff is what is your payoff if you select the cash option? Round to two decimal places Ex $
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