You just won $100,000 on a scratch-off lottery ticket. You plan to save the money in a retirement account expected to return 7% per year. If you intend to retire in 45 years, how much are these lottery winnings expected to be worth when you retire? $2, 100, 245 $2, 615, 364 $9, 665, 457 $3, 866, 183 $4, 788, 067 If you find an account that pays 8% annual interest instead of 7%, how much would you have at retirement? $3, 382, 910 $3, 192, 045 $14, 578, 097 $7, 249, 093 $1, 915, 227 Suppose the new retirement account actually pays 8% interest per year and pays interest monthly. How much money would you have at retirement? $3, 677, 597 $3, 616, 360 $17, 034, 358 $3, 411, 933 $1, 105, 609