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You won a lottery that will make equal payments of $1,000 at the end of each year for the next five years. If the annual

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You won a lottery that will make equal payments of $1,000 at the end of each year for the next five years. If the annual interest rate stays constant at 5%, what is the value of these payments in today's dollars? (Note: Round your answer to the nearest whole dollar.) $3,681 O $4,330 O $5,413 O $4,547 You found out that now you are going to receive payments of $7,500 for the next 15 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? (Note: Round your answer to the nearest whole dollar) O $46,067 O $70,097 $52,516 O $42.013

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