Mitchell Investments has offered you the following investment opportunity:

$$7,000$ at the end of each year for the first $3$ years, plus

$$3,000$ at the end of each year from years $4$ through $9,$ plus

$$2,000$ at the end of each year from years $10$ through $17.$

Use Table II and Table IV or a financial calculator to answer the questions. Round your answers to the nearest dollar.

How much would you be willing to pay for this investment if you required a $9$ percent rate of return?

$

If the payments were received at the beginning of each year, what would you be willing to pay for this investment?

$