12. Present value of annuities You won a lottery that will make equal payments of $3,500 at the end of each year for the next five years. If the annual interest rate stays constant at 5%, what is the value of these payments in today's dollars? Round your answer to the nearest whole dollar. O $18,941 $15,153 $15,911 $12,880 You found out that now you are going to receive payments of $6,000 for the next 15 years. You will receive these payments at the beginning of each year. The annual interest rate will remain constant at 10%. What is the present value of these payments? Round your answer to the nearest whole dollar. O $40,160 $45,636 O $50,200 $67,770