Suppose you win the lottery and one of your payment options is to receive $20,000 today,$20,000 one year from now,and $20,000 two years from now.If the interest rate is 5%,what is the present value of this option?
A)$51,830.26
B)$54,464.96
C)$57,188.21
D)$58,237.71

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The Answer of Suppose you win the lottery and one of your payment options is to receive $20,000 today,$20,000 one year from now,and $20,000 two years from now.If the interest rate is 5%,what is the present value of this option?
A)$51,830.26
B)$54,464.96
C)$57,188.21
D)$58,237.71

Suppose You Win the Lottery and One of Your Payment