Please help me solve this question. I need help

5 value: C 10.00 points The Caldwell Herald newspaper reported the following story: Frank Ormsby of Caldwell is the state's newest millionaire. By choosing the six winning numbers on last week's state lottery, Mr. Ormsby has won the week's grand prize totaling $1.3 million. The State Lottery Commission has indicated that Mr. Ormsby will receive his prize in 20 annual installments of $65,000 each. Use Excel or a financial calculator to solve. Round answers to the nearest dollar. Required: 1. If Mr. Ormsby can invest money at a 7% rate of return, what is the present value of his winnings