You Have Just Won $50,000 on Your Scratch and Win

Multiple Choice

You have just won $50,000 on your Scratch and Win ticket,but you won't be awarded the money until your 40th birthday,20 years from now.If the appropriate discount rate is 15%,what is the present value of your winnings?

A) $3,055.01
B) $3,513,27
C) $2,656.53
D) $3,048.78
E) $3,067.49