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You won a lottery that will make equal payments of $1,500 at the end of each year for the next ten years. If the annual

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You won a lottery that will make equal payments of $1,500 at the end of each year for the next ten years. If the annual interest rate stays constant at 8%, what is the value of these payments in today's dollars? (Note: Round your answer to the nearest whole dollar.) $8,555 $10,065 $10,870 $12,581 You found out that now you are going to receive payments of $7,500 for the next 11 years. You will receive these payments at the beginning of each year. The annual interest rate will remain constant at 10% What is the present value of these payments? (Note: Round your answer to the nearest whole dollar.) 548,713 $42,867 $53,584 572,338

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