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Question 18 (3 points) I am tired to teaching for a living and want to try my luck at Powerball where the projected winnings are

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Question 18 (3 points) I am tired to teaching for a living and want to try my luck at Powerball where the projected winnings are $12.000,000 to be paid in 20 years. If I win, I can choose the annuity option (to be paid over 20 years) or a lump sum settlement that I can invest at 8% interest. How much must the lump sum option be to make the lump sum option equal to the annuity option (rounded)? $2,574,578 $1,743,620 $1,130,668 $1,200,000 Save

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