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QS. The present value of an annuity (a yearly sum of money) may be computed from the formula (20 points) where A is the annuity (in S/year),i is the nominal yearly interest rate (in decimal form), n is the number of years over which the annuity is paid and P is the present value (S) Example computation: lfi-0.13(15%), A-SI00yeur n-10 years then P -$501.88 If you won the $1,000,000 State Lovery and the Lotery offered you the choice of $500,000 today or $50,000 year for 20 years, which would you take? You can assume an inflation (interest) rate of 5%