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Mr. Alleyne just won a lottery with a prize of $100,000. However, the lottery stipulates that the winner receives $10,000 immediately, and $10,000 at the
Mr. Alleyne just won a lottery with a prize of $100,000. However, the lottery stipulates that the winner receives $10,000 immediately, and $10,000 at the end of each of the next 9 years. Assuming he can earn 11% on his money, how much has he actually won? Select one: O $100,000.00 O $71,461.23 O $68,892.32 O $67,590.24 O $65,370.48
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