Marcus has won a 6 000 000 state lottery He can take his

Last updated: 10/2/2023

Marcus has won a 6 000 000 state lottery He can take his prize as either 15 yearly payments of 400 000 or a lump sum of 3 225 000 Which is the better option Assume an interest rate 9 Select the correct choice below and if necessary fill in the answer box to complete your choice Round to the nearest dollar as needed O A The present value of the lottery winnings is this is better than the lump sum of 3 225 000 OB The present value of the lottery winnings is OC The present value of the lottery winnings is the same as the lump sum of 3 225 000 this is worse than the lump sum of 3 225 000