You have the opportunity to invest in several annuities. Which of the following 10 -year annuities has the greatest present value (PV)? Assume that all annuities earn the same positive interest rate. An annuity that pays $1,000 at the beginning of each year 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 ordinary annuity selling at $10,538.38 today promises to make equal payments at the end of each year for the next twelve years ( N ). If the annuity's appropriate interest rate (I) remains at 6.50% during this time, the annual annuity payment (PMT) will be You just won the lottery. Congratulations! The jackpot is $35,000,000, paid in twelve equal 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%