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Question 3 5 pts You have won a lottery and will receive 20 annual payments of $40,000, starting today and ending in 19 years. If

Question 3 5 pts You have won a lottery and will receive 20 annual payments of $40,000, starting today and ending in 19 years. If the relevant annual discount rate is 6.0%, what is the present value of these winnings? Choose the answer that is closest. $400,000 $450,000 $490,000 $620,000 $680,000 $730,000 $770,000

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