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3 pts Question 25 You have won a strange lottery whereby you will collect $3,684,689 in 15 years. If your opportunity costs are 14.79%, what

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3 pts Question 25 You have won a strange lottery whereby you will collect $3,684,689 in 15 years. If your opportunity costs are 14.79%, what is the present value of your lottery winnings? Enter your answer to the nearest penny Question 26 3.5 pts You have borrowed $22.696 from your parents and have agreed to amortize the loan over 5 years making equal annual payments at the end of each year. Therefore at the end of that time the loan balance must be zero. You agreed to pay 6.2% interest rate on the loan. How many dollars in interest will you pay during the second year of the loan? Round to the nearest penny and enter your answer in the box below. You have won a strange lottery whereby you will collect $3,684,689 in 15 years. If your opportunity costs are 14.79%, what is the present value of your lottery winnings? Enter your answer to the nearest penny, Question 26 3.5 pts You have borrowed $22,696 from your parents and have agreed to amortize the loan over 5 years making equal annual payments at the end of each year. Therefore at the end of that time the loan balance must be zero. You agreed to pay 6.2% interest rate on the loan. How many dollars in Interest will you pay during the second year of the loan? Round to the nearest penny and enter your answer in the box below

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