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You have a partnership stake in a business that pays you equal payments of $3,000 at the end of each year for the next ten
You have a partnership stake in a business that pays you equal payments of $3,000 at the end of each year for the next ten years. If the annual interest rate stays constant at 7%, what is the value of these payments in todays dollars? Round your answer to the nearest whole dollar. $21,071 $17,910 $26,339 $22,546 You found out that now you are going to receive payments of $9,500 for the next 11 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. $49,720 $57,178 $45,742 $77,190
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