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Congratulations! You just won the California lottery. Unfortunately, you didn't win the big one in the lottery, but you did win the Sort - of

Congratulations! You just won the California lottery. Unfortunately, you didn't win the big one in the lottery, but you did win the Sort-of-OK Prize. The prize consists of $100,000, but not all at once. You will receive $10,000 at the end of each of the next 10 years. However, you can choose to take the money in one lump sum. If you can invest at 8.0 percent, what is the amount you would receive if you took your winning amount today?
(A.) $58,892
B. $61,500
C. $64,177
D. $67,100
E. $73,350
10016
Fv=10012
n=10
Ily 8
Bmt RRU
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