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Homework: Homework 8.4-8.5 Score: 0 of 1 pt 11 of 12 (3 complete) X 8.5.27 Marcus has won a $3,000,000 state lottery. He can take

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Homework: Homework 8.4-8.5 Score: 0 of 1 pt 11 of 12 (3 complete) X 8.5.27 Marcus has won a $3,000,000 state lottery. He can take his prize as ether 15 yearly payments of $200,000 or a lump sum of $1.520,000. Which is the better option? Assume an interest rate of 10% Select the correct choice below and necessary, fill in the answer box to complete your choice (Round to the nearest dolar as needed) OA. The present value of the lottery winnings is this is worse than the lump sum of $1,520,000 OB. The present value of the lottery winning is this is better than the lump sum of $1,520,000 OC. The present value of the lottery winnings is the same as the lump sum of $1.520.000 Click to select and enter your answers) and then click Check Answer All parts showing CIA Type here to search O FI

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