3. Present value of annuities You got into a car accident and settled out of court for equal payments of $3,500 at the end of each year for the next five years. If the annual Interest rate stays constant at 9%, what is the value of these payments in today's dollars? (Note: Round your answer to the nearest whole dollar.) $11,572 $14,839 $13,614 O $17,018 You found out that now you are going to receive payments of $7,000 for the next 15 years. You will receive these payments at the beginning of each year. The annual interest rate will remain constant at 11%. What is the present value of these payments? (Note: Round your answer to the nearest whole dollar) $55,873 $75,429 $44,698 $50,336