Coculaion Present Value of an Annuity On January 1, you win $3,760,000 in the state lottery. The $3,760,000 prize will be paid in equal installments of $470,000 over 8 years. The payments will be made on December 31 of each year, beginning on December 31. If the current interest rate is 6% , determine the present value of your winnings. Use the present value tables in Exhibit 7. Round to the nearest whole dollar Previous Next All work saved Ema Instructn Submit Test for Grading 822 PM 11/16/2019 Present Value of an Annuity of $1 at Compound Interest Exhibit 7 12 % 090090 0.89286 Periods 46% 5% 5% 6% 10% 11% 13% 4% 6%% 7% 0.95694 0.95238 0.94787 0.93458 1 0.96154 0.94340 0.93897 0.90909 0.88496 188609 1.85941 1.87267 184632 1.83339 1.80802 1.73554 1.69005 1.82063 1.71252 1.66810 3 2.77509 2.74896 2.72325 2.67301 2.69793 2.64848 2.62432 2.48685 244371 240183 2.36115 4 3.62990 3.58753 3.54595 3.50515 3.46511 3.42580 3.38721 3.10245 2.97447 3.16987 3.03735 4.38998 4.32948 5 4A5182 4.27028 4.21236 4.10020 4.15568 3.79079 3.69590 3.60478 3.51723 6 524214 5.15787 5.07569 4.99553 4.91732 4.84101 4.76654 4.35526 4.23054 4.11141 3.99755 7 6.00205 5.89270 578637 5,68297 5.58238 548452 5.38929 4.86842 4.42261 471220 4.56376 8 673274 659589 646321 6.20979 6.08875 633457 5.97130 5.33493 5.14612 4.96764 4.79677 7.26879 743533 7.10782 6.95220 753763 6.80169 6.65610 651523 5.75902 553705 5.32825 5.13166 10 811090 791272 7.72173 7.36009 718883 7.02358 6.14457 5.88923 5.65022 S42624