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Using a present value table (Table 6-4andTable 6-5), your calculator, or a computer program present value function, calculate the present value for the following:(Use appropriate

Using a present value table (Table 6-4andTable 6-5), your calculator, or a computer program present value function, calculate the present value for the following:(Use appropriate factor(s) from the tables provided.)

a.

A car down payment of $30,000 that will be required in five years, assuming an interest rate of 8%.

b.

A lottery prize of $6 million to be paid at the rate of $300,000 per year for 20 years, assuming an interest rate of 8%.

c.

The same annual amount as in part b,but assuming an interest rate of 10%.

d.

A capital lease obligation that calls for the payment of $8,000 per year for 10 years, assuming a discount rate of 12%

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