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Twenty years ago, Jill won a state lottery that paid $50,000 at the end of each year for the first 10 years, and $70,000 at
Twenty years ago, Jill won a state lottery that paid $50,000 at the end of each year for the first 10 years, and $70,000 at the end of years 11 through year 20 . A financial advisor recommended that Jill put all the winnings in an account earning 12% per year. How much will Jill have in the account at the end of year 30 i.e. 30 years from the day she won the lottery? $12,279,272 $1,200,000 $1,623,977 $409,857 $3,953,597
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