Question: Please help me study for a test by helping me with this problem. Thanks! Calder won a lottery and will receive $4,000 a year for

Please help me study for a test by helping me with this problem. Thanks!

Calder won a lottery and will receive $4,000 a year for the next twenty years, earning a rate of return of 5 percent per year.The value of his winnings at the end of 20 years is called which one of the following?

Question 4 options:

a)current value

b)present value

c)future value

d)discounted value

e)terminal value

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