6. Present value of annuities You got into a car accident and settled out of court for equal payments of $1,500 at the end of each year for the next six years. If the annual interest rate stays constant at 8%, what is the value of these payments in today's dollars? (Note: Round your answer to the nearest whole dollar.) $8,668 $7,489 $5,894 $6,934 You found out that now you are going to receive payments of $8,500 for the next 13 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.) $50,948 $57,374 $85,975 $63,685 7. Calculate annuity cash flows Your goal is to have $12,500 in your bank account by the end of four years. If the interest rate remains constant at 7% and you want to make annual identical deposits, you'll have to deposit into your account at the end of each year to reach your goal. if you If your deposits were made at the beginning of each year rather than an at the end, the amount of your deposit would change by still wanted to reach your financial goal by the end of four years