Question 17 (3.5 points) You have just won the Georgia Lottery with a jackpot of $8,000,000. Your winnings will be paid to you in 26 equal annual installments with the first payment made immediately. If you feel the appropriate annual discount rate is 10%, what is the present value of the stream of payments you will receive? $2,517,145.94 $2,818,752.45 $2,914,590.04 $3,100,627.70 $3,780,905.41 Question 18 (3.5 points) You plan to retire 31 years from now. You expect that you will live 25 years after retiring. You want to have enough money upon reaching retirement age to withdraw $150,000 from the account at the beginning of each year you expect to live, and yet still have $2,700,000 left in the account at the time of your expected death (56 years from now). You plan to accumulate the retirement fund by making equal annual deposits at the end of each year for the next 31 years. You expect that you will be able to earn 13% per year on your deposits. However, you only expect to earn 9% per year on your investment after you retire since you will choose to place the money in less risky investments. What equal annual deposits must you make each year to reach your retirement goal? $5,110.58 $5,774.96 $4,832.74 $4,276.76 $6,521.89