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You just won the lottery! As your prize you will receive $1,200 a month for 100 months. If you can earn 8% on your money,
You just won the lottery! As your prize you will receive $1,200 a month for 100 months. If you can earn 8% on your money, what is this prize worth to you today?
A. | $ 90,723.76 | |
B. | $ 87,380.23 | |
C. | $ 88,104.26 | |
D. | $ 87,003.69 | |
E. | $ 87,962.77 |
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