Question 1-2

6. Present value of annuities You have a partnership stake in a business that pays you equal payments of $1,000 at the end of each year for the next eight years. If the annual interest rate stays constant at 6%, what is the value of these payments in today's dollars? (Note: Round your answer to the nearest whole dollar.) $6,210$5,279$6,583 $7,763 You found out that now you are going to receive payments .57,000 for the next 14 years. You will receive these payments at the begining of each year. The annual interest rate will remain constant at 14%. What is the present value of these payments? (Note: Round your answer to the nearest whole dollar.) $64,661 $42,015$47,897 $38,318