Question: Present value. Annuities. Perpetulties, and Com Seved Help Save & Exit Submit Check my work 3 Problem 2-29 Annuities due 10 dont The 544 million

Present value. Annuities. Perpetulties, and Com Seved Help Save & Exit Submit Check my work 3 Problem 2-29 Annuities due 10 dont The 544 million lottery prize that you have just won actually pays out $40 million a year for 20 years. The interest rate is 100% a. If the first payment comes after 1 year what is the present value of your winnings? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) Present value b. What is the present value of the first payment comes immediately (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places) Prental

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