You Just Won the Publisher's Clearing House Sweepstakes and the Right

Multiple Choice

You just won the Publisher's Clearing House Sweepstakes and the right to 30 after-tax ordinary annuity cash flows of $123,291.18.Assuming a discount rate of 7.50%,what is the present value of your lottery winnings? Use a calculator to determine your answer.

A) $2,345,823.18
B) $1,664,670.52
C) $1,456,116.46
D) There is not enough information to answer this question.