Stacey Trail Has Just Won the Lotto A) $440,000
B) $300,653
C) $553,317
D) $484,204

Stacey Trail has just won the Lotto.Her prize pays $40,000 at the end of each year for 5 years.In addition,she will receive a one-time payment of $240,000 at the end of 5 years.Using the following factors at 10%,what amount has Stacey really won in the Lotto?
$$\begin{array}{lllr} \text{Type of cash flow} & \text{n Periods} & \text{i Interest rate} & \text{ Factor } \\\hline \text{PV of \$ 1} & 5 & 10 \% & .62092 \\\text{FV of \$ 1} & 5 & 10 \% & 1.61051 \\\text{PV ordinary annuity} & 5 & 10 \% & 3.79079 \\\text{FV ordinary annuity} & 5 & 10 \% & 6.10510 \\\text{PV annuity due} & 5 & 10 \% & 4.16986\end{array}$$

A) $440,000
B) $300,653
C) $553,317
D) $484,204