Present Value of an Annuity 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. Use Table 2. Round to the nearest whole dollar.
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please helpp soo lost :(
Present Value of Ordinary Annuity of $1 per Period Periods 14% 0.9478 0.93458 087719 091743 0.90090 1.87267 1.80802 1.78326 1.75911 1.64666 432948 350515 267301 3.69590 3.03735 as115 277509 2.72325 244371 58753 432948 3.38721 3.31213 323972 2.91371 41556 399271 351723 4.2 1236 3 .43308 5.24214 5.89270 6.46321 6.73274 5.89270 5.07569 6.69589 5.78637 4.99553 5.07569 5.68297 6.20979 4.99553 6.58238 6.08875 5.74664 5.03295 4.35526 4.76654 4.62288 4.23054 411141 3-88867 32825 479677 5.97130 5.74664 5.14612 695220 736009 6.51523 6.24689 599525 6.537 4 .94637 7.53763 7.1 8883 7.02358 61 4457 5.65022 862892 6.80519 5.93770 6.4 5273 10.7395 9.89864 9.11708 B.38384 12 8.86325 8.38384 8.1 7.94269 7.53608 591 765 8.35765 7.90378 7.48690 6423 612181 5-84236 is 10.56312 10.56312 i073955 73666 10.22283 958965 9.29498 9.0 1384 778615 6.00207 9.7 1225 9.10791 8.55948 760608 7.19087 6.14217 11 .23402 ,85137 12.65930 170719 8.54363 8.20141 7.83929 17 10.86461 10.11058 9.76322 637286 12.46221 11.60765 760 10.05909 8.75563 1313394 1259329 12.08532 1073471 10.33560 7 36578 6.55037 13.59033 13.00794 12.46221 11 .95038 1146992 1101851 1059401 9.81815 7.96333 746944 21 11.76408 11.28498 10.83553 10.01680 7.56200 710155 6-68696 13.78442 13.48857 13.48867 12.58317 11.53520 11.06124 10.20074 877154 8.1 7574 76446 6.74294 9.82258 8.98474 8.26643 9.0770a 8.34814 7.71843 8.88322 8.34814 784314 122966 683514 6.79206 24 15.24696 14.49548 13.7 9864 13.15170 12.55036 11.99074 11.46933 10.52876 15.62208 6.87293 14.37519 13,89810 40616 80998 10.02658 9.30657 8.65011 8.05518 15.98277 15.14661 13 66250 12.39237 11.82578 10.80998 9.92897 8.48806 7.37167 15.45130 14.89813 13.21 053 11.98671 854780 7.4,856 16-66306 6.96066 15.14101 ia,53375 15,37245 310 16.98371 12.27767 11.15841 10.19828 8.021 81 747009 6.98304 13.76483 13.05868 12.40904 11.25778 10.27365 869379 7.00266 13.92909 13.33393 14.72393 12.53181 11.34980 1034280 7.51828 15.07507 14.08404 17.87355 16.78889 15.80268 14.90420 13.33393 12.64656 11.43500 7.03498 33 18.14765 17.02286 16.00255 1507507 14.23023 13.45909 12.75379 11.51389 16.23703 14.49825 17.24676 12.85401 11.58693 8.15656 7.05985 18.66461 234767 16.37419 7.07005 1604612 14.14553 13.33171 11.92461 824378 763438 7.1 0504 10.75736 977905 8.951 20.72004 19.15635 17.77407 16.54773 14.48023 13.60552 12.10840 828252 21.48218 19.76201 18.25593 16.931 14.72452 13.80075 12.23348 991481
