Question: Eli Jones won a lottery that will pay him $ 4 , 0 0 0 , 0 0 0 in lump sum after n years.

Eli Jones won a lottery that will pay him $4,000,000 in lump sum after n years. Assuming an appropriate interest rate is i% compounded annually, which of the following is NOT likely to be the present value of this lottery amount?
Select one:
A. $4,848,840
B. $1,507,560
C. $2,613,200
D. $3,000,000
Eli Jones won a lottery that will pay him $ 4 , 0

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