Intro You win the Publishers Clearing House Sweepstakes. You can choose between getting a lump sum of $5,947,142 now or getting $700,000 every year for 10 years, starting one year from now. If you take the money now and invest it, you'll expect to earn an annual return of 3%. BAttempt 1/10 for 1 pts. Part 1 What is the present value of the 10 yearly payments? 0+ decimals Submit Intro In order to save for your child's college education, you want to save $100 every month for 15 years, starting one month from now. The monthly interest rate on your savings account is 0.5%. Part 1 BAttempt 1/10 for 1 pts. How much money will you have in your account in 15 years? 0+ decimals Submit Intro The preferred stock of General Motors pays an annual dividend of $1.4 forever. The appropriate discount rate is 7% per year. Part 1 Attempt 1/10 for 1 pts. What is the present value of all dividends? 0+ decimals Submit