On January 1, you win 5,000000 in the state lottery. The 5,000,000 prize will be paid in equal installments of 500,000 over 10 years . The payments will be made on December 31 of each year, beginning on December 31. Of the current interest rate is 5%, determine the present value of your winnings. Use the present value tables. Round to the nearest whole dollar.

You have just won the lottery and will receive $520,000 in one year. You will receive payments for 26 years, and the payments will increase 4 percent per year. If the appropriate discount rate is 12 percent, what is the present value of your winnings?

What is the present value of $ 42,000 to be received 6 years from today, assuming an annual discount rate of 9 percent? Round your answer to 2 decimal places

Find the present value of an annuity of $6000 paid at the end of each 6-month period for 6 years if the interest rate is 5%, compounded semiannually. (Round your answer to the nearest cent.)$_____

Find the future value of each annuity due.  Then determine how much of this value is from contributions and how much is from interest.   Payments of $220 were made at the beginning of each quarter for 15 years at 4.6% compounded quarterly.   The future value of the annuity due is $19077.23. The amount from contributions is $_______ The amount from interest is $ ________ do not round until the final answer.

You won $100 000. 00 in a lottery and you want to set some of that sum aside for10 years. After 10 years, you would like to receive $2400.00 at the end of every3 months for 8 years. How much of your winnings must you set aside if interestis 5.5% compounded quarterly?

You just won a special lottery which will entitle you to an annual payment $45000 for 10 years, but the first payment won't start until 5 years later (i.e. 1st payment at the end of the 5th year). If you plan to immediately deposit every payment into an annuity product that gives you 5.62% APR with annual compounding, how much is your account balance at the end of the lottery payment plan (i.e. when you receive the last payment)?

You won $100 000 in a lottery and you want to set some of that sum aside for 10 years. After 10 years, you would like to receive $2400 at the end of every 3 months for 8 years. How much of your winnings must you set aside if interest is 5.5% compounded quarterly?