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on january 1, 2014 you win $75,000,000 in the state lottery. the $75,000,000 prize will be paid in equal installments of $7,500,000 over 10 years,

on january 1, 2014 you win $75,000,000 in the state lottery. the $75,000,000 prize will be paid in equal installments of $7,500,000 over 10 years, the payments will be made on december 31 of each year, beginning on december 31, 2014. if the current interest rate is 7% determine the present value of your winnings.

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