FIN-320-T1314 Principles of Finance 18EW1 Kayla Hopkins 10/2/18 11:44 PM Homework: 6-1 MyFinanceLab Assignment Score: 0 of 4 pts P6-28 (similar to) Save 49 of 12 (0 complete) HW Score: 0%, 0 of 50 pts Question Help (Related to Checkpoint 6.2) (Present value of annuity payments) The state lottery's million-dollar payout provides for $1.5 million to be paid in 20 installments of $75,000 per payment The first $75,000 payment is made immediately, and the 19 remaining $75,000 payments occur at the end of each of the next 19 years iI#9 percent is the discount rate, what is the present value of this stream of cash howrs? Ih 18 percent s the discount rate, what is the present value of the cash flows? a. If 9 percent is the discount rate, the present value of the annuity due is s(Round to the nearest cent ) Enter your answer in the answer box and then click Check Answer part O Type here to search