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You have won $700,000 in a lottery. Your winnings will be paid to you in equal annual year-end installments of $35,000 over 20 years. You

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You have won $700,000 in a lottery. Your winnings will be paid to you in equal annual year-end installments of $35,000 over 20 years. You estimate that you can earn 5% on your investments. The present value of your $700,000 winnings would be closest to (lf using present value tables, use factor amounts rounded to three decimal places, X.XXX. Round your final answer to the nearest whole dollar.) (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) A. $735,000. B. $263,830. C. $436,170. O D. $700,000

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