27. $ You won the lottery when the jackpot was advertised at $3,000,000 (based on annual payments of $100,000 for 30 years). Your choice is to take the annual payments for 30 years or take the lump sum payout today which is the present value of the advertised jackpot. The lottery administration uses a 3.5% interest rate. What is the value of the lump sum payout? (Round to nearest dollar) 10 28. $ _ Your favorite uncle wants to give each of his favorite nieces and nephews $30,000 now while he is still alive so he can appreciate the benefit of their gratitude. Your goal is the save the money he gives you so when you get older, you'll have money to start a family. What will be the value of your investment if the rate you can earn on your investments is 8%, compounding semi-annually for 7 years? (Round to nearest dollar) 29. A. $ & B. $ (Round to nearest dollar) You can earn a market rate of 6%. A. What is the monthly payment amount necessary to save $25,000 by the end of 5 years? B. If you borrow $25,000 today what is the amount of the monthly payment to pay it off in 5 years?