Assignment: Chapter 04 - Time Value of Money Due Today at 11:59 PM CST Back to Assignment Attempts: 0 Keep the Highest: 0/1 10. Present value of annuities Aa Aa Your uncle has said that if you agree to finish college he will give you equal payments of $1,500 at the end of each year for the next five years. If the annual interest rate stays constant at 6%, what is the value of these payments in today's dollars? Round your answer to the nearest whole dollar. $7,899 $5,371 $6,319 $6,698 You found out that now you are going to receive payments of $8,500 for the next 15 years. You will receive these payments at the beginning of each year. The annual interest rate will remain constant at 15%. What is the present value of these payments? Round your answer to the nearest whole dollar. $77,163 $57,158 $49,703 $45,726 Flash Player WIN 28.0.C. IGL 03 3 34.1 2004-2016 Apte All rights reserved. 2013 Cengage Learning except as noted. All rights reserved. Save & Continue Continue without saving