1 pts Question 7 You just won a lottery that promises to pay you $1...
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1 pts Question 7 You just won a lottery that promises to pay you $1 million exactly 10 years from today. Because the $1 million payment is guaranteed by the state in which you live, opportunities exist to sell the claim today for an immediate lump-sum cash payment. What is the least you will sell your claim for if you could earn 4.56 % on similar-risk investments during the 10-year period? 1 pts Question 8 A car dealer offers payments of $522.59 per month for 48 months on a $25,000 car after making a $4,000 down payment. What is the loan's APR? (in % terms) Unless instructed otherwise, enter dollar answers to two decimal places without the $ sign-> 1009.32 and not $1,009.32. Enter percentage answers (rates) in percentage format without the % sign -> 9.32 and not 9.32% or 0.0932
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