Suppose the Winner of a $15,000,000 Sweepstakes Will Be Paid

Suppose the winner of a $15,000,000 sweepstakes will be paid $500,000 per year for 30 years,starting a year from now.The money earns 5% interest per year.The present value of the winnings is Compute the present value using the formula for the nth partial sum of a geometric series.Round your answer to two decimal places. ​

A) $36,941,323.46
B) $9,464,644.76
C) $24,627,548.97
D) $5,189,829.02
E) $7,686,225.51