Often lottery winnings are divided into equal payments given annually for 20 25 years So the present value of the winnings is worth less than the actual jackpot depending on the rate at which money could be invested. Find the present value' In dollars using the given conditions. ~~E>~m l '1 Complete the table for each amount interest rate, and number of payments. l Jackpot Amount interest Rate Equal Annual Payments Present Value (in dollars) $1,000,000 7% 20 SSE ' ' $1,000,000 12% ' 20 5U $1,000,000 7% 25 $D ; $1,000,000 12% 25 5D (Round to the nearest dollar as needed.)