You have just received notification that you have won the $$3$ million first prize in the

Centennial Lottery. However, the prize will be awarded on your $100$th birthday $($assuming

you're around to collect$),62$ years from now. What is the present value of your windfall if

the appropriate discount rate is $7$ percent?

Multiple Choice

$$45,219\mathrm{.}63$

$$41,602\mathrm{.}06$

$$102,450\mathrm{.}99$

$$46,124\mathrm{.}03$