Present Value of an Annuity On January 1, you win 51,100,000 in the state lottery. The $1,100,000 pre will be paid in equal installments of $110,000 over 10 years. The payments will be made on December 31 of each year, beginning on December 31 of the current year. If the current interest rate is 6%, determine the present value of your winnings. Use present value table Round to the nearest whole dollar