Print tem Present Value of an Annuity On January 1, you win $60,000,000 in the state lottery. The $60,000,000 prize will be paid in equal instaliments of $6,000,000 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 10%, determine the present value of your winnings. Use present value tables. Round to the nearest whole dollar. 44,160,540 x Will the present value of your winnings using an interest rate of 10% be more than the present value of your winnings using an interest rate of 6% No Check My Work Review the time value of money concept. Recall that the time value of money concept recognizes that cash received today is worth more than the same amount of cash to be received in the future Check My Work B B 3:36 PM 78F