P6-28 (similar to) :3 Question Help (Related to Checkpoint 6.2) (Present value of annuity payments) The state lottery's million-dollar payout provides for $1.3 million to be paid in 25 installments of $52,000 per payment. The first $52,000 payment is made immediately, and the 24 remaining $52,000 payments occur at the end of each of the next 24 years. If 9 percent is the discount rate, what is the present value of this stream of cash flows? If 18 percent is the discount rate, what is the present value of the cash flows? . (Round to the nearest a. If 9 percent is the discount rate, the present value of the annuity due is $ cent.) U lu complete) N W Score: 40%, 20 of 5... P6-34 (similar to) 3 Question Help (Related to Checkpoint 6.1) (Annuity payments) Lisa Simpson wants to have $1,100,000 in 45 years by making equal annual end-of-the-year deposits into a tax-deferred account paying 10.00 percent annually. What must Lisa's annual deposit be? The amount of Lisa's annual deposit must be $ . (Round to the nearest cent.) P6-44 (similar to) Question Help (Related to Checkpoint 6.5) (Present value of a growing perpetuity) What is the present value of a perpetual stream of cash flows that pays $2,000 at the end of year one and the annual cash flows grow at a rate of 2% per year indefinitely, if the appropriate discount rate is 15%? What if the appropriate discount rate is 13%? . (Round to a. If the appropriate discount rate is 15%, the present value of the growing perpetuity is $ the nearest cent.)