The present value of an annuity is the sum of the discounted value of all future cash flows. You have the opportunity to invest in several annulties. Which of the following 10 -year annuitles has the greatest present value (PV) Assume that ali annuities earn the same positive interest rate. An annuity that pays $500 at the end of every six months An annuity that pays $500 at the beginning of every six months An annuity that pays $1,000 at the end of each year An annulty that pays $1,000 at the beginning of each year An ordinary annulty seiling at 44,947.11 today promises to make equal payments at the end of cach year for the next eight years (N). If the annuitys appropriate interest rate (i) remains at 6,50% during this bime, the annual annuity payment (pMT) will be You just won the lottery. Congratulationst The jackpot is $35,000,000, paid in eight equat annual payments: The first payment on the lottery jackpot will be made today, In present value terms, you really won - assuming annual interest rate of 6.50%. (Note: Round your intermediate calculations to the nearest whole number