You have a partnership stake in a business that pays you equal payments of $$1,500$ at the end of each year for the next eight years. If the annual interest rate stays constant at $7\%,$ what is the value of these payments in today$$s dollars? Round your answer to the nearest whole dollar.

$$11,196$

$$8,957$

$$7,613$

$$9,584$

You found out that now you are going to receive payments of $$10,000$ for the next $14$ years. You will receive these payments at the beginning of each year. The annual interest rate will remain constant at $14\%.$ What is the present value of these payments? Round your answer to the nearest whole dollar.

$$92,372$

$$54,739$

$$68,424$

$$60,021$