4. Present value of annuities You won a lottery that will make equal payments of $1,000 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? (Note: Round your answer to the nearest whole dollar) $4,330 $5,413 $3,681 $4,547 TED AYS You found out that now you are going to receive payments of $7,500 for the next 15 years. You will receive these payments at the beginning of each year. The annual interest rate will remain constant at 14%. What is the present value of these payments? (Note: Round your answer to the nearest whole dollar) $70,897 your your $52,516 $42,013 $46,067