Exercise 6-17 (Algo) Present value calculations Appendix LO 6-10 Using a present value table (Table 6-4 and Table 6-5), calculate the present value for the following: Note: Use the appropriate value(s) from the tables provided and final answers to the nearest whole dollar. Required: a. A car down payment of $9,750 that will be required in two years, assuming an interest rate of 16%. b. A lottery prize of $21.0 million to be paid at the rate of $1,050,000 per year for 20 years, assuming an interest rate of 16% c. The same annual amount as in part b, but assuming an interest rate of 20% d. A financing lease obligation that calls for the payment of $31,500 per year for 10 years, assuming a discount rate of 12% a. Present value b. Present value c. Present value d. Present value Save & B