Current Attempt in Progress

Edward has just won the lottery and will receive an annual payment of $$350,000$ every year for the next $10$ years. If the annual interest rate is $12\%,$ what is the present value of the winnings? $($For calculation purposes, use $5$ decimal places as displayed in the factor table provided. Round answer to $0$ decimal place, egh $5,275.$

Click here to view Table $4.$

Present value $