Jess won the state lottery. The advertised jackpot is $2,556,320, but its based on 30 payments of $68,098.29 over 30 years. If she were to elect a cash payout, the lottery award would be $1,635,437.49. What, most likely, is the reason that the lump sum payout is 36% less than the advertised jackpot? Select answer from the options below The jackpot is the future value of an annuity and the cash payout is the present value of a lump sum. The jackpot is the future value of lump sum and the cash payout is the present value of an annuity. The jackpot is the present value of lump sum and the cash payout is the future value of an annuity