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Find the Cash Value of the Lottery Jackpot (To the Nearest

Question 126

Multiple Choice

Find the cash value of the lottery jackpot (to the nearest dollar) . Yearly jackpot payments begin immediately (26 forMega Millions and 30 for Powerball) . Assume the lottery can invest at the given interest rate.
-Mega Millions: $57.2\$ 57.2 million; 5.571%5.571 \% interest


A) $48,377,561\$ 48,377,561
B) $32,044,623\$ 32,044,623
C) $51,873,168\$ 51,873,168
D) $31,507,267\$ 31,507,267

Correct Answer:

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