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10) supposed state lottery price of 3 million is paid in 25 payments of $120,000 each at the end of each of the next 25 years if the money is worth 12% compounded annually what is the present value of the prize (rounds your answer to the nearest cent)

11) what amount must be set aside now to generate payments of $50,000 at the beginning of each year for the next 12 years if money is worth 6.09% compounded annually (round your answer to the nearest cent)

10.00 points Previous Answers HarMathAp 12 6.4.005. My Notes Ask Your Teacher Need Help? 11. -1 points HarMath 126.4.01 Need Help? 12 12 points Previous Answers Harmath126 4025 My Your Teacher at de I n the Interest rate is 8%, compounded semiannually. (Round your answer to the nearestent.) Need Help? 0/1 points Previous Answers HarMathAP12 6.4.005. My Notes Ask Your Teach Suppose a state lottery prize of $3 million is to be paid in 25 payments of $120,000 each at the end of each of the next 25 years. If money is worth 12%, compounded annually, what is the present value of the prize? (Round your answer to the nearest cent.) $ 1,117,646.61 x Need Help? -/1 points HarMathAp12 6.4.019. My Notes Ask Your Teach What amount must be set aside now to generate payments of $50,000 at the beginning of each year for the next 12 years if money is worth 6.09%, compounded annually (Round your answer to the nearest cent.) $ Need Help? Read ww O ee ( DALL