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What is the value of windfall

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Problem 1: You just won the $42 million Ultimate Lotto jackpot. Your winnings will be paid as $2,100,000 per year for the next 20 years. If the appropriate interest rate is 5.4 percent, what is the value of your windfall?

A. $24,040,071.00
B. $25,305,337.90
C. $26,148,849.16
D. $24,571,826.14
E. $26,671,826.14

Reference no: EM132823859

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