December 31 of each year beg on December of the ye Onuary 1. You win $50,000,000 in the state lottery. The $30,000,000 i l be paid in e linstallments of $0.250,000 over eight years. The payment will be made current interest rates 12. determine the procent value of your w ings. Use the present value tables in Exhibit 7. Round to the nearest whole dollar will the present value of your winnings using on reerest rate of 12 be more than the present value of your winnings using an interest rate of 55 Exhibit 7 Present Value of an Annuity of $1 at Compound Interest Periods 1 0 2 4% 4 % 5% 5 % 6% 6%% .96154 0.95694 0.95238 0.94787 0.94340 0.93897 1.886091.87267 1.85941 1.84632 1.83339 1.82063 2.77509 2.74896 2.72325 2.69793 2.67301 2.64848 3,62990 3.58753 3.54595 3.50515 3.46511 3.42580 4.45182 4.38998 4.32948 4.27028 4.21236 4 .15568 5.24214 5.157875.075694.99553 4.91732 4.84101 6.00205 5.89270 5.78637 5.68297 5.58238 5.48452 6.73274 659589 6.46321 6.33457 6.209796,08875 7.43533726879 7.10782 6.95220 6.80169665610 8.11090 7.91272 7.721737537637.360097.18883 7% 10% 11% 12% 13% 0.93458 0.909090.90090 0.89286 0.88496 1.80802 1.73554 1.71252 1.69005 1.66810 2.62432 248685 2.44371 240183 2.36115 3.38721 3.16987 3.10245 3.03735 2.97447 4.10020 3.79079 3.69590 3.60478 351723 4.76654 4.35526 4.23054 4.11141 3.99755 5.389294.868424712204.56376 4.42261 5.97130 5.33493 5.146124.96764 4.79677 6.51523 5.759025.53705 5.32825 5.13166 7.02358 6.14457 5.89923 5.650225.42624 10