An annuity that pays $500 at the beginning of every six months An annuity that pays $500 at the end of every six months An annuity that pays $1,000 at the end of each year An ordinary annuity selling at $14,130.15 today promises to make equal payments at the end of each year for the rs (N). If the annuity's appropriate interest rate (I) remains at 8.00% during this time, the annual annuity payment (PMT) will be You just won the lottery. Congratulations! The jackpot is $85,000,000, paid in twelve equal annual payments. The first payment on the lottery jackpot will be made today. In present value terms, you really won -assuming annual interest rate of 8.00%