You have won $1,100,000 in a lottery. Your wmnings will be paid to you in equal annual year end installments of $55,000 over 20 years You estimate that you can earn 7% on your investments. The present value o yout $1.100.000 winnings would be closest to of using present value tables, use factor amounts rounded to the decimal places XXX Round your final answer to the nearest whole dollar.) Click the icon to view Present Value of $1 table) Click the icon to view Present Value of Ordinary Arvulty of S1 table) O A $1,100,000 OB $517.330 C. 51,155.000 OD 5562,670 Cuck to wait your own BOI (4 CM ) * X - Present Value of $1 in 7% the ne Present Value of $1 7% 8% Periods 4% 5% 6% 10% 12% 14% 16% 1 2 3 4 5 6 7 8 0.962 0.925 0.889 0.855 0.822 0.790 0.760 0.731 0.703 0.676 0.650 0.625 0.601 0.952 0.9430.935 0.907 0.890 0.873 0.864 0.840 0.816 0.823 0.792 0.763 0.784 0.747 0.713 0.746 0.705 0.6660 0.711 0.665 0.623 0.677 0.627 0.582 0.6450.592 0.544 0.614 0.558 0.508 0.585 0.527 0.475 0.557 0.497 0.444 0.530 0.4690.415 0.926 0.9090.893 0.877 0.857 0.8260.797 0.769 0.794 | 0.751 0.712 0.675 0.735 | 0.683 0.636 0.592 0.681 0.621 0.567 0.519 .630 0.564 0.507 0.456 0.583 0.5130-452 0.400 0.540 0.467 0.404 | 0.351 0.500 0.424 0.361 | 0.308 0.463 0.386 0.322 0.270 0.429 0.350 0.287 0.237 0.397 | 0.319 0.257 0.208 0.368 0.290 0.229 0.182 0.862 0.743 0.641 0.552 0.476 0.410 0.354 0.305 0.263 0.227 0.195 0.168 0.145 9 10 11 12 13 Print Done i Present Value of $1 ind www . VER . T.RU TV.VUUVIVU VIETUVA 5 7 9 0 12 0.822 0.784 0.790 0.746 0.7600.711 0.731 0.677 | .703 C.645 6 0 .614 0.650 0.585 0.625 0.557 0.601 0.530 0.577 0.505 0.555 0.481 0.534 0.458 0.513 0.436 0.494 0.416 0.475 0.396 0.456 0.377 0.747 0.705 0.665 0.627 0.592 0.558 0.527 0.497 0.469 0.442 0.417 0.394 0.371 0.350 0.331 0.312 0.713 0.666 0.623 0.582 0.544 0.508 0.475 0.444 0.415 0.388 0.362 0.339 0.317 0.296 0.277 0.258 0.681 0.630 0.583 0.540 0.500 0.463 0.429 0.397 0.368 0.340 0.315 0.292 | 0.270 0.250 0.232 0.215 0.621 0.567 0.564 0.507 0.513 0.452 0.467 0.404 0.424 0.361 0.386 0.322 0.350 0.287 0.319 0.257 0.290 0.229 0.263 0.205 0.2390.183 0.218 0.163 0.198 0.146 0.180 0.130 0.164 0.116 0.149 0.104 0.519 0.476 0.456 0.410 0.400 0.354 0.351 0.305 0.308 0.263 0.270 0.227 | 0.237 0.195 0.208 0.168 0.182 0.145 0.160 0.125 0.1400.108 0.123 0.093 0.108 0.080 0.095 0.069 0.083 0.060 0.073 0.051 14 20 Present Value of Ordinary Annuity of $1 to ( $7 Present Value of Ordinary Annuity of $1 | 69 | 70 | 89 | 10% 12 Periods | 49 | 59 1 49 16% 2 5 1 | 0.9G2 | 0.952 0.93 0.935 0.926 0.9090.893 | 0.8771 0.862 1.886 1.859 | 1,833 1.808| 1,783 1 .736| 1.690 1.647 | 1.605 3 | 2.7752.7232.673 2,624 | 25772487 .40212.322 245 4 | 3.630 | 3,546 | 3.4653,3873,312 3.170 3.037 | 29142.798 4.452 4.3294212 4.100 39933.7913.05 3.33 374 | 42 5.07649174.7674. 634355411138893.685 7 | 6.0025.78655825.389520648684.5G 488 4.039 8 6.733 64 63 62105971 5.74753354 .968 .6393 9 | 74357108 6.E02651562475,7595.32849454607 10 | 8.111 7.722 | 7.3607.024 | 6.710 | 6.145 5.65052164.833 11 | 8.760830G 78877.967 .1396 .4955 .938 | 5.4535.29 | 12 | 93858 .863838472437536 6,814 ,195.6605.197 | 1399869. 39 8 . 8538. 3587. 9047. 1036 . 245. 82 5 . 32 Print Done L' o H a a [ 65% A 6 of 6 (4 complete) Present Value of Ordinary Annuity of $1 - X wins to $1 yoony leares 7 9 4.452 4.329 4.212 4.100 3.993 3.791 3.605 3.433 3.274 5.2425 .0764 .917 4.767 4.623 4.355 4.111 3.889 3.685 6.0025.786 5.582 5.389 5.206 4.868 4.564 4.288 4.039 6.733 6.463 6.210 5.971 5.747 5.335 4.968 4.639 4.344 7.4357 .108 6.802 6.515 6.247 5.759 5.328 4.9464.607 8.111 h 7.722 7.360 7.024 6.710 6.145 5.6505.216 4.833 8.760 8.306 7.887 7.499 7.139 6.495 5.938 5.453 | 5.029 9.3858.8638.3847.943 7.5366.8146.194 5.660 5.197 9.986 9.394 8.8538.358 7.904 7.103 6.424 5.842 5.342 10.563 9.899 9.295 8.745 8.244 7.367 6.628 6.002 5.468 11.118 10.380 9.712 9.108 8.559 7.6066.811 6.142 5.575 11.652 10.838 10.106 9.447 8.851 7.824 6.9746.265 5.668 12.166 11.274 10.477 9.763 9.122 8.022 7.120 | 6.373 5.749 12.659 11.690 10.828 10.059 9.372 8.2017.250 6.467 5.818 13.134 12.08511.158 10.336 9.604 8.365 7.366 6.550 5.877 13.590 12.462 11.470 10.5949.818 8.514 7.469 6.623 5.929 15 16 17 18 19 20 Print Done