Congratulations! You won the lottery. You will receive two payments of $14,000 at the end of each of the next 2 years, followed by two more annual payments of $25,000 at the end of the following years. The interest rate is 5%. What is the present value of your prize? The present value is $ (Round to the nearest cent.) Your wealthy aunt passed away recently. In her will she promised you $1,000 at the end of every year, in perpetuity, starting in year 2. If the interest rate is 4%, then what is the present value of the bequest? The present value is $ (Round to the nearest cent.)