You have just won the lottery and will receive $600,000 in one year. You will receive payments for 17 years, which will increase 4 percent per year. The appropriate discount rate is 11 percent Required: What is the present value of your winnings? Multiple Choice $17,368,996 $5,739,193 $5,509,625 $17,368,996 $101,780 Big Dom's Pawn Shop charges an interest rate of 17 percent per month on loans to its customers. Like all lenders, Big Dom must report an APR to consumers. Required (a) What rate should the shop report? (Click to select) (b) What is the effective annual rate? (Click to select) V Big Dom's Pawn Shop charges an interest rate of 17 percent per month on loans to its customers. Like all lenders, Big Dom must report an APR to consumers. Required: (a) What rate should the shop report? (Click to select) 199.92% 204.00% 208.08% Inual rate? 193.80% 17.00% Big Dom's Pawn Shop charges an interest rate of 17 percent per month on loans to its customers. Like all lenders, Big Dom must report an APR to consumers. Required: (a) What rate should the shop report? Click to select) V (b) What is the effective annual rate? (Click to select) 530.11% 204.00% 558.01% 18.39% 116.50%