Find the cash value of the lottery jackpots given below. Yearly jackpot payments begin immediately. Assume...

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Find the cash value of the lottery jackpots given below. Yearly jackpot payments begin immediately. Assume the lottery can invest at the given interest rates. Interest Equal Annual Rate Payments 20 Jackpot Amount $12,000,000 6% $12,000,000 10% $12,000,000 6% $12,000,000 10% (Round to the nearest dollar as needed.) 20 25 25 Present Value (in dollars) Complete the formula for the present value P of an annuity due where R is the payment at the beginning of each period, i is the interest rate per period, and n is the number of periods. P=R+R [1-(1+1)-(8-1)] Find the cash value of the lottery jackpots given below. Yearly jackpot payments begin immediately. Assume the lottery can invest at the given interest rates. Interest Equal Annual Rate Payments 20 Jackpot Amount $12,000,000 6% $12,000,000 10% $12,000,000 6% $12,000,000 10% (Round to the nearest dollar as needed.) 20 25 25 Present Value (in dollars) Complete the formula for the present value P of an annuity due where R is the payment at the beginning of each period, i is the interest rate per period, and n is the number of periods. P=R+R [1-(1+1)-(8-1)]