Three people shared the largest payout in lottery history of 1.5 billion dollars (500 million a piece). If one of them decided to take the cash out option of 327 million, this quantity is known as: (5 pts)

(a) the monthly payment of the 500 million dollars of payments

(b) the present value of the 500 million dollars of payments

(c) the future value of the 500 million dollars of payments

(d) this number has no relationship to the 500 million dollars of payments