< Grades for Ferna... o Canvas WebAdvisor Main Menu Student Dashboard Login | ADP...rkforce Now Netflix S #3 0 E D eBook C v2.cengagenow.com 4 Feedback Check My Work Check My Work R Present value of an annuity On January 1, you win $50,000,000 in the state lottery. The $50,000,000 prize will be paid in equal installments of $6,250,000 over 8 years. The payments will be made on December 31 of each year, beginning on December 31 of this year. If the current interest rate is 12%, determine the present value of your winnings. Use the present value tables in Exhibit 7. Round to the nearest whole dollar. 31,047,748 X Will the present value of your winnings using an interest rate of 12% be more than the present value of your winnings using an interest rate of 5%? No F V % 5 T G Print Item 6 B All work saved. Y H & 7 N U Disney J CengageNOWv2 |... 8 00 Yahoo! Bing M 1 9 Google Yahoo iCloud rbp 33 12.50 ...O0Fontana, CA K Start Page O O L Save and Exit command P ^ 31 { Submit Assignment for Grading I option TE [