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OF Annuity On January 1, you win $1,700,000 in the state lottery. The $1,700,000 price will be paid in equal instaliments of $170,000 over 10
OF Annuity On January 1, you win $1,700,000 in the state lottery. The $1,700,000 price will be paid in equal instaliments of $170,000 over 10 years. The payments will be made on December 31 of each year, beginning on December 31. the current interest rate is 5%, determine the present value of your winnings. Use the present value tables in 7. Round to the nearest whole dollar
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