You have just won a two-part lottery! The first part will pay you $50,000 at the end

Fantastic news! We've Found the answer you've been seeking!

Question:

You have just won a two-part lottery! The first part will pay you $50,000 at the end of each of the next 20 years. The second part will pay you $1,000 at the end of each month over the same 20 year period. Assuming a discount rate of 9%, what is the present value of your winnings?

a) $456,427

b) $474,935

c) $465,556

d) $111,145

e) $567,572