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Question 3 You won the lottery! You are considering whether or not to accept a...

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Accounting

Question 3

You won the lottery! You are considering whether or not to accept a lump sum amount or an annual annuity of $ 183,062 to be received at the end of every year for twenty years. Use 15% as the annual discount rate. How much is the stream of payments worth now? Use the future value or present value tables in Appendix G to calculate your answer. Round your answer to the nearest whole number.

Question 4

You borrowed $56,785 on January 1st. The annual interest rate is 11%. Interest is compounded annually. No annual payments are made but you will repay principal and interest in full at the end of fifteen years. What amount will you repay? Use the future value or present value tables in Appendix G to calculate your answer. Round your answer to two decimal places.

please provide explanation too. thank you

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