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Homework: 5.4 Annuities, Present Values & Amortization 23 of 41 (34 complete)* Score: 0 of 1 pt 5.4.33-BE Find the cash value of the lottery

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Homework: 5.4 Annuities, Present Values & Amortization 23 of 41 (34 complete)* Score: 0 of 1 pt 5.4.33-BE Find the cash value of the lottery jackpot given below. Yearly jackpot payments begin immediately. Assume the lottery can invest at the given interest rate. $16,000,000 jackpot, 8% interest, 20 annual payments Interest Equal Annual Present Value Payments Jackpot Amount (in dollas) Rate $16,000,000 8% 20 (Round to the nearest dollar as needed.) Enter your answer in the answer box and then click Check Answer Clear All All parts showing all TO 80 888 14 18 esc FS 12 & #3 fab

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