Question
You have a partnership stake in a business that pays you equal payments of $1,500 at the end of each year for the next seven
You have a partnership stake in a business that pays you equal payments of $1,500 at the end of each year for the next seven years. If the annual interest rate stays constant at 9%, what is the value of these payments in todays dollars? Round your answer to the nearest whole dollar.
$9,438
$7,550
$6,418
$8,230
You found out that now you are going to receive payments of $8,000 for the next 16 years. You will receive these payments at the beginning of each year. The annual interest rate will remain constant at 10%. What is the present value of these payments? Round your answer to the nearest whole dollar.
$55,079
$92,946
$68,849
$62,590
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