[Solved] Sandra Won $5,000,000 in the State Lottery,which She Has Elected

Question 68
Multiple Choice

Sandra won $5,000,000 in the state lottery,which she has elected to receive at the end of each month over the next 30 years.She will receive 7% interest on unpaid amounts.To determine the amount of her monthly check,she should use a table for the:

A)Present value of an annuity due of 1.
B)Future value of an annuity due of 1.
C)Present value of an ordinary annuity of 1.
D)Future value of an ordinary annuity of 1.

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