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Present value of annuities You have a partnership stake in a business that pays you equal payments of $ 2 , 0 0 0 at

Present value of annuities
You have a partnership stake in a business that pays you equal payments of $2,000 at the end of each year for the next four years. If the annual interest rate stays constant at 5%, what is the value of these payments in today's dollars? Round your answer to the nearest whole dollar.
$6,028
$7,447
$7,092
$8,865
pu found out that now you are going to receive payments of $8,500 for the next 17 years. You will receive these payments at the beginning of each far. The annual interest rate will remain constant at 10%. What is the present value of these payments? Round your answer to the nearest whole pllar.
$68,183
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