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Present value of an annuity On January 1, you win $42,000,000 in the state lottery. The $42,000,000 prize will be paid in equal installments of

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Present value of an annuity On January 1, you win $42,000,000 in the state lottery. The $42,000,000 prize will be paid in equal installments of $5,250,000 over eight years. The payments will be made on December 31 of each year, beginning on December 31 of this year. The current interest rate is 4.5%. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below. X Open spreadsheet Determine the present Value of your winnings. Round your answer to the nearest dollar

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