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Help please Present Value of an Annuity On January 1, you win $2,480,000 in the state lottery. The $2,480,000 prize will he paid in equal

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Present Value of an Annuity On January 1, you win $2,480,000 in the state lottery. The $2,480,000 prize will he paid in equal installments of $310,000 over 3 years. The payments will be made on December 31 of each year, beginning on December 31. If the current interest rate is 6%, determine the present value of your winnings. Use the present value tables in Exhibit 7. Round to the nearest whole dollar. $ [925013 X

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