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Congratulations, you have just won the lottery! Your prize, in the amount of $8,251,813, will be awarded when you are 95 years old, which is

Congratulations, you have just won the lottery! Your prize, in the amount of $8,251,813, will be awarded when you are 95 years old, which is in 68 years from now. Or you can take a lump sum payment today. If the lottery commission uses a discount rate of 3.71% APR, how much would you expect to receive today?

A. $664,662.92

B. $3,085,973.93

C. $3,035,202.70

D. $259,172.62

E. $693,020.77

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