12 DOD 12 OD00 0001.01 .09m- 2r in t.04) -In21approx 8y2ars n Ini.b-ln2 the n-In 2/Int. 04=0 931/0.002 = 1.804D 7. (A prize) A major lottery advertises that it pays the winner $10 million. How- ever, this prize money is paid at the rate of $500,000 each year (with the first payment being immediate) for a total of 20 payments. What is the present 0DE value of this prize at 10 % interest? 01 Cemsoy 8 ot (ott on 8. (Amortization) A debt of $50 000