The lottery winnings have the option of getting the $100,000 all today or instead having a payout of $10,000 per year for 15 years with the payments beginning today. Investments with similar risk to this extended payout are currently expected to have a rate of return of 4%. What is the value of choosing to take the annual payments?

Enter dollar amounts in the following form: $xx,xxx, enter number of periods as integers (round where necessary), and enter interest rates in the following form:xx.xx%.

Calculation uses what type of payments?Beginning,Ending, orN/A

PV=

FV=

Payment =

N=

I/Y =