P6-28 (similar to) Question Help Related to Checkpoint 6.2) Present value of annuly payments) The state lottery's million dollar payout provides for $1.3 milion to be paid in 20 installments of $85,000 per payment. The first $65,000 payment is made Immediately, and the 19 remaining $15.000 payments occur at the end of each of the next 18 years. H7 percent is the discount rate, what is the present value of this stream of cash flows? Y 14 percent is the discount rate, what is the present value of the cash fos? . 17 percent is the discount rate, the present value of the annuity due is (Round to the nearest cent)