You got into a car accident and settled out of court for equal payments of $3,000 at the end of each year for the next six years. If the annual interest rate stays constant at 8%, what is the value of these payments in todays dollars? Round your answer to the nearest whole dollar.

$14,979

$11,789

$17,336

$13,869

You found out that now you are going to receive payments of $10,000 for the next 13 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.

$61,971

$83,661

$49,577

$53,423