You have just won the Georgia Lottery with a jackpot of $26,000,000. Your winnings will be paid to you in 26 equal annual installments with the first payment made immediately. If you had the money now, you could invest it in an account with a quoted annual interest rate of 8% with monthly compounding of interest. What is the present value of the stream of payments you will receive? You are considering either leasing or purchasing a car. You notice an ad that says you can lease the car you want for $286.00 per month. The lease term is 60 months with the first payment due at inception of the lease. You must also make an additional down payment of $470. The ad also says that the residual value of the vehicle is $17,123. The list price of the vehicle is $25,397, but after much research, you have concluded that you could buy the car for a total "drive-out" price of $23,300. What is the quoted annual interest rate you are actually paying with the lease