Multiple Choice
You just won the lottery! As your prize you will receive $1,500 a month for 150 months.If you can earn 7 percent,compounded monthly,on your money,what is this prize worth to you today?
A) $137,003.69
B) $149,676.91
C) $137,962.77
D) $148,104.26
E) $150,723.76
Correct Answer:
Verified
Correct Answer:
Verified
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