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Table 6-4: Factors for Calculating the Present Value of $1 Table 6-5: Factors for Calculating the Present Value of an Annuity of $1 Using a
Table 6-4: Factors for Calculating the Present Value of $1 Table 6-5: Factors for Calculating the Present Value of an Annuity of $1 Using a present value table (Table 6-4 and calculate the present value for the following: Note: Use the appropriate value(s) from theetabls provided and final answers to the nearest whole dollar. Required: a. A car down payment of $9,150 that will be required in two years, assuming an interest rate of 16%. b. A lottery prize of $18.6 milion to be paid at the rate of $930,000 per year for 20 years, assuming an interest rate of 16%. c. The same annual amount as in part b, but assuming an interest rate of 20%. d. 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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