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Exercise 6-17 (Algo) Present value calculations Appendix LO 6-10 Using a present value table (Table 6-4 and Table 6-5), calculate the present value for the

Exercise 6-17 (Algo) Present value calculations Appendix LO 6-10 Using a present value table (Table 6-4 and Table 6-5), calculate the present value for the following: Note: Use the appropriate value(s) from the tables provided and final answers to the nearest whole dollar. Required: A car down payment of $9,150 that will be required in two years, assuming an interest rate of 16%. A lottery prize of $18.6 million to be paid at the rate of $930,000 per year for 20 years, assuming an interest rate of 16%. The same annual amount as in part b, but assuming an interest rate of 20%. A financing lease obligation that calls for the payment of $25,500 per year for 10 years, assuming a discount rate of 12%.

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