Question: 35
(Choose 1 answer)
Graciela Treadwell won a lottery. She will have a choice of receiving $25,000 at the end of each year for the next
30 years, or a lump sum today. If she can earn an annual return of 10 percent on any investment she makes, what
is the least she should be willing to accept today as a lump-sum payment? (Round to the nearest hundred dollars.)
A. $750,000
B. $334,600
C. $212,400
D. $235,700
