Exercise 6-15 (Algo) Present value calculations Appendix LO 10 Using a present value table (Table 6-4 and Table 6-5), calculate the present value for the following: (Use the appropriate value(s) from the tables provided. Round your PV factors to 4 decimal places and finel answers to the nearest whole dollar.) Required: a. A car down payment of $40,000 that will be required in seven years, assuming an interest rate of 10% Present value 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 6% Present value 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 6% Present value c. The same annual amount as in part b. but assuming an interest rate of 8%. Present value d. A financing lease obligation that calls for the payment of $8,000 per year for 10 years, assuming a discount rate of 6% Present value