Present value of an annulty On Jenuary 1, you win 53,000,000 in the state lottery. The $3,800,000 prize will be paid in equal insteliments of 5380,000 over 10 years. The payments will be made on December 31 of each year, beginning on December 31 of this year. If the corrent interest rate is 5 . determine the present value of your winnings, Use the present value tables in Exhibit 7 , Round to the nearegt-whole doflar