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estion 1 4 of 1 5 - 1 0 w Policies urrent Attempt in Progress David has just won the lottery and will receive an

estion 14 of 15
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w Policies
urrent Attempt in Progress
David has just won the lottery and will receive an annual payment of $330,000 every year for the next 13 years. If the annual interest rate is 9%, 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, e.g.5,275.)
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Present value $
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