PINA 32900J) sp 2020 Homework: Chapter 4 Homework Save Score: 0 of 1 pt 8 of 17 (17 complete) HW Score: 94.12%, 16 of 17 pts X Problem 4.LO2.27 (similar to) Question Help Francis Scott Key just won a "Name That Tune" contest with a grand prize of $220,000. However, the contest stipulates that the winner will receive $50,000 immediately, and the remainder divided equally at the end of each of the next 10 years. Assuming that he can eam 6% on his money, what is the present value of his winnings? What is the present value of the winnings? (Round to the nearest cont.) Enter your answer in the answer box and then click Check Answer All parts showing Clear All Final Check