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You just won the Hoosier Lottery jackpot. Your winnings will be paid as $3,800,000 per year over the next 30 years. If the interest rate

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You just won the Hoosier Lottery jackpot. Your winnings will be paid as $3,800,000 per year over the next 30 years. If the interest rate is 7.1 percent, what is the value of your windfall? (Hint: this problem is asking for PV.) $49,999,112.11 $46,199,112.11 $48,240,662.16 $45,233,662.16 $46,684,511.77

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