You got into a car accident and settled out of court for equal payments of $2,000 at the end of each year for the next ten years. If the annual interest rate stays constant at 4%, what is the value of these payments in todays dollars? Round your answer to the nearest whole dollar.

$13,789

$16,871

$20,278

$16,222

You found out that now you are going to receive payments of $10,000 for the next 11 years. You will receive these payments at the beginning of each year. The annual interest rate will remain constant at 16%. What is the present value of these payments? Round your answer to the nearest whole dollar.

$50,286

$58,332

$46,666

$78,748