John Doe wins the lottery and may pick from the following three choices: Assume that John Doe uses a discount rate of 5% to evaluate his choices. If he selects the second option, how much is the present value of that alternative?

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John Doe wins the lottery and may pick from the following three choices:

Assume that John Doe uses a discount rate of 5% to evaluate his choices. If he selects the second option, how much is the present value of that alternative?
John Doe wins the lottery and may pick from the following three choices: Assume that John Doe uses a discount rate of 5% to evaluate his choices. If he selects the second option, how much is the present value of that alternative? A) $614,000 B) $1,000,000 C) $750,000 D) $798,000

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The Answer of John Doe wins the lottery and may pick from the following three choices:  Assume that John Doe uses a discount rate of 5% to evaluate his choices. If he selects the second option, how much is the present value of that alternative?

John Doe Wins the Lottery and May Pick from the Following