the end of the period noted (Click on the icon here in order to copy the contents of the data lable below into a spreaditheet ) The pesent value is 5 (Round to the neatest cent.) Time value and discount rates Personal Finance Problem You just won a lottery that promises to pay you 51,600,000 exactly 15 years from today. A comparny approaches you today, offering cash in exchange for your winning lottery sicket. a. What is the least you will sell your claim for if you can earn the following rates of retum on strilar eisk investments dueing the 15 year period? (1) 7% (2) 104 (3) 13% b. Rework part a under the assumption that the $1,600,000 payment will be received in 25 rather than 15 years c. On the basis of your findings in parts a and b, discuss the effect of both the size of the rate of return and the time uneli receipt of payment on the present value of a future sum