Find the cash value of the lottery jackpot (to the nearest dollar). Yearly jackpot payments begin immediately (26 for Mega Millions and 30 for Powerball). Assume the lottery can invest at the given interest rate. Powerball: $360 million; 5.4% interest a. $188,347,953
b. $282,573,702
c. $185,870,742
d. $298,386,685

The right response is Option c ($185,870,742).

Step-by-step explanation:

Given:

n = 30

r = 5.4%

or,

 = 0.054

Periodic payment will be:

    ($)

Now,

The present value will be:

=

By substituting the values, we get

=

=

= ($)

$12. that is my answer.

check above link.

graphically?   well, you graph them both, the solutions is where they both intersect each other, since there are two solutions, meaning they will meet twice, or namely the linear will run into the quadratic curve twice, and where they meet, those x,y coordinates are the solutions to the system.