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Question 8 (1 point) Mr. Jones just won a lottery prize that will pay him $5,000 a year for thirty years. He will receive the
Question 8 (1 point) Mr. Jones just won a lottery prize that will pay him $5,000 a year for thirty years. He will receive the first payment today. If Mr. Jones can earn 5.5 percent on his money, what are his winnings worth to him today? 1) $72,668.73 2) $73,475.00 3) $74,286.38 4) $75,971.42 5) $76,665.51
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