15 The $48 million lottery prize that you have just won actually pays out $6.0 million a year for 20 years. The interest rate is 12.0% Check my work a. If the first payment comes after 1 year, what is the present value of your winnings? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) b. What is the present value if the first payment comes immediately? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) Present value b. Present value mition mon Mc Graw H < Prev 15 of 20 Posted in r/WestSubEver by u Pr Next >