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What is the value of windfall

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Question 1: You just won the $96 million Ultimate Lotto jackpot. Your winnings will be paid as $3,200,000 per year for the next 30 years. If the appropriate interest rate is 6.5 percent, what is the value of your windfall?

  1. $41,303,967.49
  2. $44,503,967.49
  3. $41,787,762.90
  4. $39,698,374.75
  5. $43,180,688.33

Reference no: EM132469087

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