of the multo state 100 are to recleve $1,5oo, ooo lothery commisson refers you ove proud winner of the power bail You are to rec ho end of each year for nex years. While the lottery commason to this as a $45.000,ooo jackpt. A you choose the the cash option they. will give you much less you can reciere a lump sum payment to day equal to the present value of the ordinary annuity instead of 30 annual payments. If the discount rate the lotting commision uses - to determine the lume sum payoff is 6% - What is your pay off if you select the cash option - A) 29643247 6) 19707, 503 C) 24,977,401 0) 21, 188,026 $400 000 invested at 8% per year (annual for 6 years earns interest equal to compo $58, 687. 43. That would mean that $100,000 invested at 4% per year / annual for 6 years earns interset equal to compounding ) $ 29343.72 A True B False 3) Today is your 21st b day & your bank account balance is $15000. your account is earning 4.5% interset como unded swertery much will be in your account on your (39 years from now