Question: X 8.5.27 Question Help Marcus has won a $4,000,000 state lottery. He can take his prize as either 10 yearly payments of $400,000 or a

 X 8.5.27 Question Help Marcus has won a $4,000,000 state lottery.

X 8.5.27 Question Help Marcus has won a $4,000,000 state lottery. He can take his prize as either 10 yearly payments of $400,000 or a lump sum of $2,685,000. Which is the better option? Assume an interest rate of 8%. Select the correct choice below and, if necessary, fill in the answer box to complete your choice. (Round to the nearest dollar as needed.)

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