You have just won the Super Duper Lotto. Although the prize is advertised as $30 million, you actually get $10 million now and $1 million per year for the next 20 years (starting one year from now). Your discount rate is 6%. What is present value of your winnings? (Do not round intermediate calculations. Report your result in millions of dollars. Round the final answers to 2 decimal places. Omit $ sign and the word “million” in your response. For example, if your answer is $1,234,567 just write 1.23.)

Show work please. Thank you

Investment X offers to pay you $5,400 per year for 9 years, whereas Investment Y offers to pay you $7,500 per year for 5 years.   If the discount rate is 6 percent, what is the present value of these cash flows? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)   If the discount rate is 21 percent, what is the present value of these cash flows? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

You just paid $475 for a security that claims it will pay you $1,322 in 14 years. What is your annual rate of return? SET YOUR CALCULATOR TO 4 DECIMAL PLACES AND ROUND TO 2 DECIMAL PLACES AT THE END. DO NOT ENTER THE % SIGN. IF YOUR ANSWER IS 7.7021%, FOR EXAMPLE, ENTER 7.70.

​(Related to Checkpoint​ 5.4)  ​(Present-value comparison)  You are offered ​$110,000 today or ​$400,000 in 14 years. Assuming that you can earn 11 percent on your​ money, which should you​ choose? If you are offered ​$400,000 in 14 years and you can earn 11 percent on your​ money, what is the present value of ​$400,000​?   ​$92797.9392797.93   ​(Round to the nearest​ cent.) Which offer should you​ choose?  ​(Select the best choice​ below.)     A. Choose ​$110,000 today because its present value is higher.   B. Choose ​$400,000 in 14 years because its present value is higher.

4. If you receive $116 each month for 28 years and the discount rate is 0.08, what is the present value? (show the process and can use financial calculator)

You have just won the Super Duper Lotto. Although the prize is advertised as $30 million, you actually get $10 million now and $1 million per year for the next 20 years (starting one year from now). Your discount rate is 7%. What is present value of your winnings? (Do not round intermediate calculations. Report your result in millions of dollars. Round the final answers to 2 decimal places. Omit $ sign and the word "million" in your response. For example, if your answer is $1,234,567 just write 1.23.)