A lottery winner will receive $6 million at the end of each of the next twelve years. What is the future value (FV) of her winnings at the time of her final payment, given that the interest rate is 8.6% per year?
A) $94.40 million
B) $118.00 million
C) $165.20 million
D) $188.80 million

Question

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B) Calculate the FV with 11ea84dc_f577_7716_9a63_81043093694c_TB1316_11_TB1316_11 11ea84dc_f577_7717_9a63_395e99374035_TB1316_11_TB1316_11 and 11ea84dc_f577_9e28_9a63_2bd76dc11b45_TB1316_11_TB1316_11 which gives 11ea84dc_f577_9e29_9a63_7385115109f2_TB1316_11_TB1316_11

A Lottery Winner Will Receive $6 Million at the End