5. value 10.00 points The Caldwell Herald newspaper reported the following story Frank Ormsby of Caldwell is the state's newest millionaire By choosing the six winning numbers on last week's state lottery Me Ormsby has won the week's grand prize totaling $1 18 million The State Lottery Commission has indicated that Mr. Ormsby will receive his prize in 20 annual installments of $59,000 each Use Excel or a financial calculator to solve Round answers to the nearest dollar Required: 1 if Mr Ormsby can invest money at a 11% rate of return, what is the present value of his winnings Present Value