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 20 after-tax ordinary annuity cash flows of $163,291.18.Assuming a discount rate of 7.50%,what is the present value of your lottery winnings? Use a calculator to determine your answer.

A) $3,265,823.60
B) $1,789,520.81
C) $1,664,670.52
D) There is not enough information to answer this question.