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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
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 four years. If the annual interest rate stays constant at 9%, what is the value of these payments in today's dollars? Round your answer to the nearest whole dollar. O $6,479 O $5,507 O $7,062 O $8,099 You found out that now you are going to receive payments of $9,500 for the next 17 years. You will receive these payments at the beginning of each year. The annual interest rate will remain constant at 15%. What is the present value of these payments? Round your answer to the nearest whole dollar. O $52,852 O $89,188 O $66,065 O $57,448
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