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An ordinary annuity selling at $ 2 , 5 1 4 . 1 5 today promises to make equal payments at the end of each

An ordinary annuity selling at $2,514.15 today promises to make equal payments at the end of each year for the next eight years (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 $10,000,000, paid in eight 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%.(Note: Round intermediate calculations to the nearest whole number.)
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